The Resource Does spousal labor smooth fluctuations in husbands' earnings? : the role of liquidity constraints, prepared by Mercedes García-Escribano

Does spousal labor smooth fluctuations in husbands' earnings? : the role of liquidity constraints, prepared by Mercedes García-Escribano

Label
Does spousal labor smooth fluctuations in husbands' earnings? : the role of liquidity constraints
Title
Does spousal labor smooth fluctuations in husbands' earnings?
Title remainder
the role of liquidity constraints
Statement of responsibility
prepared by Mercedes García-Escribano
Creator
Contributor
Author
Issuing body
Subject
Language
eng
Summary
This paper theoretically and empirically investigates the role of spousal labor in buffering transitory shocks to husbands' earnings. To measure the amount of the shock that spousal labor absorbs, an instrumented cross-sectional variance decomposition is developed. Using data from the Panel Study of Income Dynamics, the paper finds that the smoothing resulting from the wives' labor response (both labor force participation and hours of work) is larger for households with limited access to credit. This finding, which is consistent with the model's prediction, indicates that because of the presence of liquidity constraints, the temporal change in family income (exclusive of wives' earnings) reinforces the substitution effect in explaining the effect of shocks to the husbands' earnings on spousal labor
Member of
Action
digitized
Cataloging source
OCLCE
Dewey number
650.1082
Illustrations
illustrations
Index
no index present
LC call number
HG3881.5.I58
LC item number
W67 no.04/20
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
IMF working paper
Series volume
WP/04/20
Label
Does spousal labor smooth fluctuations in husbands' earnings? : the role of liquidity constraints, prepared by Mercedes García-Escribano
Publication
Antecedent source
file reproduced from original
Bibliography note
Includes bibliographical references (pages 41-42)
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
black and white
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
ocn647551700
Dimensions
unknown
Extent
1 online resource (42 pages)
File format
one file format
Form of item
online
Isbn
9781281155405
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other physical details
illustrations
http://library.link/vocab/recordID
.b3716689x
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
  • (OCoLC)647551700
  • imf1281155403
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.

Library Locations

    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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