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The Tax Treatment of Married Couples and the 1981 Tax Law

Feenberg, Daniel R. - 1982

Currently U.S. Federal Income Tax schedules do not maintain marriage neutrality, that is, tax liabilities depend upon marital status. This paper shows the extent and distribution of the departure from neutrality both under current law and the new (1981) tax act. The new tax law establishes a...

Persistent link: https://www.econbiz.de/10012478239

Understanding Joint Retirement

Michaud, Pierre-Carl - 2018

Evidence from different sources shows that spouses' retirement decisions are correlated. Retirement policies affecting individuals in couples are therefore also likely to affect behavior of their spouses. It is therefore important to account for joint features in modeling retirement. This paper...

Persistent link: https://www.econbiz.de/10012480683

A Sexually Unbalanced Model of Current Account Imbalances

Du, Qingyuan - 2010

Large savings and current account surpluses by China and other countries are said to be a contributor to the global current account imbalances and possibly to the recent global financial crisis. This paper proposes a theory of excess savings based on a major, albeit insufficiently recognized by...

Persistent link: https://www.econbiz.de/10012462653

Long-Term Care of the Disabled Elderly : Do Children Increase Caregiving by Spouses?

Pezzin, Liliana E. - 2008

Do adult children affect the care elderly parents provide each other? We develop two models in which the anticipated behavior of adult children provides incentives for elderly parents to increase care for their disabled spouses. The "demonstration effect" postulates that adult children learn...

Persistent link: https://www.econbiz.de/10012464320

The Marriage Market, Labor Supply and Education Choice

Chiappori, Pierré-Andre - 2015

We develop an equilibrium lifecycle model of education, marriage and labor supply and consumption in a transferable utility context. Individuals start by choosing their investments in education anticipating returns in the marriage market and the labor market. They then match based on the...

Persistent link: https://www.econbiz.de/10012457593

Allocating Time : Individuals' Technologies, Household Technology, Perfect Substitutes, and Specialization

Pollak, Robert A. - 2011

In an efficient household if the spouses' time inputs are perfect substitutes, then spouses will "specialize" regardless of their preferences and the governance structure. That is, both spouses will not allocate time to both household production and the market sector. The perfect substitutes...

Persistent link: https://www.econbiz.de/10012461129

The Impact of Student Debt on Education, Career, and Marriage Choices of Female Lawyers

Sieg, Holger - 2017

We develop and estimate a dynamic model to study the impact of student debt on education, career, and marriage market choices of young female lawyers. Our model accounts for several important institutional features of the labor market for lawyers, including differences in the work hours across...

Persistent link: https://www.econbiz.de/10012455228

Parenting Promotes Social Mobility Within and Across Generations

García García-Menéndez, Jorge Luis; Heckman, James J. - National Bureau of Economic Research - 2022

This paper compares early childhood enrichment programs that promote social mobility for disadvantaged children within and across generations. Instead of conducting a standard meta-analysis, we present a harmonized primary data analysis of programs that shape current policy. Our analysis is a...

Persistent link: https://www.econbiz.de/10013435172

On the Role of Learning, Human Capital, and Performance Incentives for Wages

Camargo, Braz; Lange, Fabian; Pastorino, Elena - National Bureau of Economic Research - 2022

Performance pay in general amounts to only a small fraction of total pay. In this paper, we show that performance pay is nevertheless important for the level and dynamics of wages over the life cycle because of the incentives it indirectly provides for human capital acquisition and because of...

Persistent link: https://www.econbiz.de/10013334409

Divorce Risk, Wages, and Working Wives : A Quantitative Life-Cycle Analysis of Female Labor Force Participation

Fernández, Raquel - 2014

environment faced by the 1955 cohort. We find that a higher divorce probability and changes in wage structure are each able to … explain a large proportion of the LFP increase. Higher divorce risk increases LFP not because the latter contributes to higher … towards the adjustment of marital consumption in the face of increased divorce risk …

Persistent link: https://www.econbiz.de/10012458794