Singles, Couples, and Their Labor Supply: Long-Run Trends and Short-Run Fluctuations

• 成果类型: Article
• 署名作者: Olsson, Jonna
• 署名单位: Norwegian School of Economics (NHH)
• 刊物名称: AMERICAN ECONOMIC JOURNAL-MACROECONOMICS
• ISSN/ISSBN: 1945-7707
• DOI: 10.1257/mac.20200449
• 发表日期: 2025
• 页码: 1-34
• 关键词: quiet revolution; married-couples; business cycles; GENDER; insurance; working; GROWTH; RISK; macroeconomics; PARTICIPATION

摘要

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. (JEL D13, E24, E32, J12, J16, J22)