Why are married men working so much?
Why are married men working so much?
Empirical patterns of labor supply at the micro level tend to reject the unitary model assumption implicit in most macro theories, where households are the deemed to be rational agents. This paper examines the rise in in per-capita labor since 1975 and asks how the inclusion of bargaining between spouses in a standard macro model would alter the analysis of recent trends in aggregate labor supply. The main findings are that the stationarity of married men's work hours reflects weakening of men's bargaining position as women's wages rose, and that the unitary model seriously overstates the response of aggregate labor to trends in relative wages.
Penn Institute for Economic Research
Knowles, J.
8746baa8-b940-41a4-8175-8ca27bed468d
1 November 2005
Knowles, J.
8746baa8-b940-41a4-8175-8ca27bed468d
Knowles, J.
(2005)
Why are married men working so much?
Philadelphia, US.
Penn Institute for Economic Research
42pp.
Record type:
Monograph
(Discussion Paper)
Abstract
Empirical patterns of labor supply at the micro level tend to reject the unitary model assumption implicit in most macro theories, where households are the deemed to be rational agents. This paper examines the rise in in per-capita labor since 1975 and asks how the inclusion of bargaining between spouses in a standard macro model would alter the analysis of recent trends in aggregate labor supply. The main findings are that the stationarity of married men's work hours reflects weakening of men's bargaining position as women's wages rose, and that the unitary model seriously overstates the response of aggregate labor to trends in relative wages.
Text
Knowles_2012_Why_Are_Married_Men_Working.pdf
- Other
More information
Published date: 1 November 2005
Identifiers
Local EPrints ID: 55069
URI: http://eprints.soton.ac.uk/id/eprint/55069
PURE UUID: 7a618135-bda2-49a6-9d57-6f53ce962f34
Catalogue record
Date deposited: 05 Aug 2008
Last modified: 15 Mar 2024 10:52
Export record
Contributors
Author:
J. Knowles
Download statistics
Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.
View more statistics