Singles, Couples, and Their Labor Supply: Long-Run Trends and Short-Run Fluctuations
研究将性别和家庭结构纳入宏观模型,解释了不同群体劳动供给的趋势和波动,并发现已婚女性就业的趋势增长影响了经济衰退后的就业复苏速度。
Women's increased involvement in the economy has been an important change in labor markets during the past century. I show that a macroeconomic model taking into account gender and household composition in an otherwise parsimonious off-the-shelf setting captures key historical labor supply facts regarding trend and volatility across subgroups. Evaluating the economy's response to aggregate shocks at different points in time shows that the underlying trend growth in married women's employment contributed to the perceived quick employment recoveries after recessions before 1990, and the absence of growth thereafter consequently helps explain the more recent slower recoveries.