Women, Wealth Effects, and Slow Recoveries
研究发现近几十年经济复苏放缓完全源于女性就业率增速下降，但女性对男性的挤出效应很小，模型显示女性就业趋同可解释60%-75%的复苏放缓。
Business cycle recoveries have slowed in recent decades. This slowdown comes entirely from female employment, as women’s employment rates converged toward men’s during the past half-century. But does the slowdown in the growth of female employment rates translate into a slowdown for overall employment rates? We estimate the extent to which women “crowd out” men in the labor market across US states, and find that it is small. Through the lens of a general equilibrium model with home production, we show this statistic implies that 60-75 percent of the slowdown in recent business cycle recoveries can be explained by female convergence.