Job Displacement, Family Dynamics, and Spousal Labor Supply
基于奥地利行政数据，研究丈夫因大规模裁员或工厂关闭失业后，妻子劳动供给如何调整，发现妻子收入仅能弥补家庭收入损失的极小部分，短期公共转移和税收是更重要的保险机制。
We study the effectiveness of intrahousehold insurance among married couples when the husband loses his job due to a mass layoff or plant closure. Empirical results based on Austrian administrative data show that husbands suffer persistent employment and earnings losses, while wives’ labor supply increases moderately due to extensive margin responses. Wives’ earnings gains recover only a tiny fraction of the household income loss, and in the short-term, public transfers and taxes are a more important form of insurance. We show that the presence of children in the household is a crucial determinant of the wives’ labor supply response.