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We propose a new explanation for differences and changes in labor supply by gender and marital status, and in particular for the increase in married women's labor supply over time. We argue that this increase as well as the relative constancy of other groups' hours are optimal reactions to...
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We discuss a simple model of choices of joint consumption by a working couple who place maintenance of their marriage … the marriage, in the case where preferences of partners are unknown, will be accepted. In this sense consumption is …
Persistent link: https://www.econbiz.de/10003808681
We propose a new explanation for differences and changes in labor supply by gender and marital status, and in particular for the increase in married women's labor supply over time. We argue that this increase as well as the relative constancy of other groups' hours are optimal reactions to...
Persistent link: https://www.econbiz.de/10003811812
marry or cohabitate. Marriage encourages but does not ensure a higher level of spousal commitment, which in turn can … prefer to act with commitment in marriage are matched with someone who has the same preference. In such an equilibrium, the …-matching equilibria in which a partner who is willing to act with commitment in marriage is matched with someone who is not. In all such …
Persistent link: https://www.econbiz.de/10003879375
Most econometric models of intrahousehold behavior assume that household decision-making is efficient, i.e., utility realizations lie on the Pareto frontier. In this paper we investigate this claim by adding a number of participation constraints to the household allocation problem. Short-run...
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