HOUSEHOLD TIME USE AMONG OLDER COUPLES: EVIDENCE AND IMPLICATIONS FOR LABOR SUPPLY PARAMETERS

• 成果类型: Article
• 署名作者: Rogerson, Richard; Wallenius, Johanna
• 署名单位: Princeton University; Stockholm School of Economics
• 刊物名称: QUARTERLY JOURNAL OF ECONOMICS
• ISSN/ISSBN: 0033-5533
• DOI: 10.1093/qje/qjy032
• 发表日期: 2019
• 页码: 1079-1120
• 关键词: life-cycle model; home production; retirement; taxation; micro; substitution; elasticities; consumption; insurance; working

摘要

Using the Consumption Activities Mail Survey (CAMS) module in the HRS, we document how individual time allocations change when one or more household members transitions from full-time work to not working. We find that the ratio of home production to leisure time is approximately constant for both family members. Using a model of household labor supply to understand the implications of this finding, we conclude that the elasticity of substitution between the leisure of the two members is quite large. This elasticity plays a key role in models of household labor supply and is important for understanding how changes in relative wages and taxes affect household labor supply.