Job Displacement, Family Dynamics, and Spousal Labor Supply

• 成果类型: Article
• 署名作者: Halla, Martin; Schmieder, Julia; Weber, Andrea
• 署名单位: Johannes Kepler University Linz; IZA Institute Labor Economics; Leibniz Association; DIW Berlin - Deutsches Institut fur Wirtschaftsforschung; Central European University; Centre for Economic Policy Research - UK
• 刊物名称: AMERICAN ECONOMIC JOURNAL-APPLIED ECONOMICS
• ISSN/ISSBN: 1945-7782
• DOI: 10.1257/app.20180671
• 发表日期: 2020
• 页码: 253-287
• 关键词: unemployment; INEQUALITY; disability; earnings

摘要

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.