Verfügbarkeit: Does Spousal Labor Smooth Fluctuations in Husbands' Earnings?

Does Spousal Labor Smooth Fluctuations in Husbands' Earnings?: The Role of Liquidity Constraints

This paper theoretically and empirically investigates the role of spousal labor in buffering transitory shocks to husbands'' earnings. To measure the amount of the shock that spousal labor absorbs, an instrumented cross-sectional variance decomposition is developed. Using data from the Pan...

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1. Verfasser:	Garcia-Escribano, Mercedes (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2004
Schriftenreihe:	IMF Working Papers Working Paper No. 04/20
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 URL des Erstveröffentlichers
Zusammenfassung:	This paper theoretically and empirically investigates the role of spousal labor in buffering transitory shocks to husbands'' earnings. To measure the amount of the shock that spousal labor absorbs, an instrumented cross-sectional variance decomposition is developed. Using data from the Panel Study of Income Dynamics, the paper finds that the smoothing resulting from the wives'' labor response (both labor force participation and hours of work) is larger for households with limited access to credit. This finding, which is consistent with the model''s prediction, indicates that because of the presence of liquidity constraints, the temporal change in family income (exclusive of wives'' earnings) reinforces the substitution effect in explaining the effect of shocks to the husbands'' earnings on spousal labor
Beschreibung:	1 Online-Ressource (42 p)
ISBN:	1451843879 9781451843873

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spelling	Garcia-Escribano, Mercedes Verfasser aut Does Spousal Labor Smooth Fluctuations in Husbands' Earnings? The Role of Liquidity Constraints Garcia-Escribano, Mercedes Washington, D.C International Monetary Fund 2004 1 Online-Ressource (42 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 04/20 This paper theoretically and empirically investigates the role of spousal labor in buffering transitory shocks to husbands'' earnings. To measure the amount of the shock that spousal labor absorbs, an instrumented cross-sectional variance decomposition is developed. Using data from the Panel Study of Income Dynamics, the paper finds that the smoothing resulting from the wives'' labor response (both labor force participation and hours of work) is larger for households with limited access to credit. This finding, which is consistent with the model''s prediction, indicates that because of the presence of liquidity constraints, the temporal change in family income (exclusive of wives'' earnings) reinforces the substitution effect in explaining the effect of shocks to the husbands'' earnings on spousal labor Online-Ausg http://elibrary.imf.org/view/IMF001/01840-9781451843873/01840-9781451843873/01840-9781451843873.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Garcia-Escribano, Mercedes Does Spousal Labor Smooth Fluctuations in Husbands' Earnings? The Role of Liquidity Constraints
title	Does Spousal Labor Smooth Fluctuations in Husbands' Earnings? The Role of Liquidity Constraints
title_auth	Does Spousal Labor Smooth Fluctuations in Husbands' Earnings? The Role of Liquidity Constraints
title_exact_search	Does Spousal Labor Smooth Fluctuations in Husbands' Earnings? The Role of Liquidity Constraints
title_exact_search_txtP	Does Spousal Labor Smooth Fluctuations in Husbands' Earnings? The Role of Liquidity Constraints
title_full	Does Spousal Labor Smooth Fluctuations in Husbands' Earnings? The Role of Liquidity Constraints Garcia-Escribano, Mercedes
title_fullStr	Does Spousal Labor Smooth Fluctuations in Husbands' Earnings? The Role of Liquidity Constraints Garcia-Escribano, Mercedes
title_full_unstemmed	Does Spousal Labor Smooth Fluctuations in Husbands' Earnings? The Role of Liquidity Constraints Garcia-Escribano, Mercedes
title_short	Does Spousal Labor Smooth Fluctuations in Husbands' Earnings?
title_sort	does spousal labor smooth fluctuations in husbands earnings the role of liquidity constraints
title_sub	The Role of Liquidity Constraints
url	http://elibrary.imf.org/view/IMF001/01840-9781451843873/01840-9781451843873/01840-9781451843873.xml
work_keys_str_mv	AT garciaescribanomercedes doesspousallaborsmoothfluctuationsinhusbandsearningstheroleofliquidityconstraints

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