Household Formation, Female Labor Supply, and Savings
构建动态一般均衡模型,量化家庭结构变化对劳动供给和储蓄的影响,发现家庭形成变化可部分解释德国男女劳动供给的重新分配,并抑制资本积累。
Abstract In this paper, we aim to quantify the impact of changing family structures on labor supply and savings in Western societies. Our dynamic general equilibrium model features both genders, and it takes into account changes in marital status as a stochastic process. The numerical results indicate that changes in household formation can partly explain the reallocation of male and female labor supply observed during the last decades in Germany. We also find a negative impact on capital accumulation, and we show that a combination of higher marital risk and a narrowing gender wage gap can explain the changes in hours ratios between single and married men and women.