Marriage-related Policies in an Estimated Life-cycle Model of Households’ Labor Supply and Savings for Two Cohorts
dc.contributor.author | Borella, Margherita | |
dc.contributor.author | De Nardi, Mariacristina | |
dc.contributor.author | Yang, Fang | |
dc.date.accessioned | 2018-01-19T15:13:18Z | |
dc.date.available | 2018-01-19T15:13:18Z | |
dc.date.issued | 2017-10 | |
dc.identifier.citation | Borella, Margherita, and Mariacristina De Nardi, and Fang Yang. 2017. “Marriage-related Policies in an Estimated Life-cycle Model of Households’ Labor Supply and Savings for Two Cohorts.” Ann Arbor MI: University of Michigan Retirement Research Center (MRRC) Working Paper, WP 2017-371. http://mrrc.isr.umich.edu/wp371/ | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/140759 | |
dc.description.abstract | In the United States, both taxes and old age Social Security benefits explicitly depend on one's marital status. We study the effects of eliminating these marriage-related provisions on the labor supply and savings of two different cohorts. To do so, we estimate a rich life-cycle model of couples and singles using the method of simulated moments (MSM) on the 1945 and 1955 birth-year cohorts. Our model matches well the life-cycle profiles of labor market participation, hours, and savings for married and single people and generates plausible elasticities of labor supply. We find that these marriage-related provisions reduce the participation of married women over their life cycle, the participation of married men after age 55, and the savings of couples. These effects are large for both the 1945 and 1955 cohorts, even though to start with the latter had much higher labor market participation of married women. | en_US |
dc.description.sponsorship | Social Security Administration, RRC08098401-09, R-UM17-01 | en_US |
dc.language.iso | en_US | en_US |
dc.publisher | Michigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104 | en_US |
dc.relation.ispartofseries | WP 2017-371 | en_US |
dc.title | Marriage-related Policies in an Estimated Life-cycle Model of Households’ Labor Supply and Savings for Two Cohorts | en_US |
dc.title.alternative | WP 2017-371 | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Population and Demography | |
dc.subject.hlbtoplevel | Social Sciences | |
dc.contributor.affiliationother | University of Torino | en_US |
dc.contributor.affiliationother | University College London and Institute for Fiscal Studies | en_US |
dc.contributor.affiliationother | Louisiana State University | en_US |
dc.contributor.affiliationumcampus | Ann Arbor | en_US |
dc.description.bitstreamurl | https://deepblue.lib.umich.edu/bitstream/2027.42/140759/1/wp371.pdf | |
dc.description.filedescription | Description of wp371.pdf : Working paper | |
dc.owningcollname | Retirement and Disability Research Center, Michigan (MRDRC) |
Files in this item
Remediation of Harmful Language
The University of Michigan Library aims to describe library materials in a way that respects the people and communities who create, use, and are represented in our collections. Report harmful or offensive language in catalog records, finding aids, or elsewhere in our collections anonymously through our metadata feedback form. More information at Remediation of Harmful Language.
Accessibility
If you are unable to use this file in its current format, please select the Contact Us link and we can modify it to make it more accessible to you.