ALLOCATION INFLEXIBILITIES, FEMALE LABOR SUPPLY, AND HOUSING ASSETS ACCUMULATION - ARE WOMEN WORKING TO PAY THE MORTGAGE

• 成果类型: Article
• 署名作者: FORTIN, NM
• 刊物名称: JOURNAL OF LABOR ECONOMICS
• ISSN/ISSBN: 0734-306X
• DOI: 10.1086/298384
• 发表日期: 1995
• 页码: 524-557
• 关键词: life-cycle consumption; liquidity constraints; commodity demands; MODEL; unemployment; selection; variables; estimator; BEHAVIOR

摘要

This article uses data from the 1986 Canadian Family Expenditures Survey to estimate a life-cycle-consistent model of household labor supply and commodity demand that incorporates a mortgage qualification constraint based on earnings. Both the parametric and nonparametric implications of the model suggest that the labor supply of a nontrivial percentage of married women is constrained by mortgage commitments. The results of generalized selectivity models of female labor force participation and labor supply show that the positive effect of a high debt service ratio exceeds the negative effect of young children.