The Labor Force Participation Behavior of Married Women under Conditions of Constraints on Borrowing
研究借贷约束对已婚女性劳动力参与的影响，发现家庭借贷限制的存在和程度与女性市场工作正相关，并指出忽略这一因素可能导致实证研究中家庭资产对妻子工作影响的符号异常。
This paper investigates the effect of a borrowing constraint on the labor force participation of married women. The model developed here relaxes the assumption of perfect markets found in standard life-cycle models. We find evidence that married women's work in the market is positively related to the existence and extent of family borrowing restrictions. We suggest that the failure to account for this constant in family borrowing may be the reason for the unexpected positive sign in most empirical studies of the effect of family assets on a wife's work.