| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12828 |
| DP12828 How Much Consumption Insurance in Bewley Models with Endogenous Family Labor Supply? | |
| Dirk Krueger; Chunzan Wu | |
| 发表日期 | 2018-03-29 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | We show that a calibrated life-cycle two-earner household model with endogenous labor supply can rationalize the extent of consumption insurance against shocks to male and female wages, as estimated empirically by Blundell, Pistaferri and Saporta-Eksten (2016) in U.S. data. With additively separable preferences, 43% of male and 23% of female permanent wage shocks pass through to consumption, compared to the empirical estimates of 34% and 20%. With non-separable preferences the model predicts more consumption insurance, with pass-through rates of $29% and $16%. Most of the consumption insurance against permanent male wage shocks is provided through the labor supply response of the female earner. |
| 主题 | Labour Economics ; Macroeconomics and Growth ; Monetary Economics and Fluctuations ; Public Economics |
| 关键词 | Consumption insurance Labor supply Bewley models |
| URL | https://cepr.org/publications/dp12828 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541638 |
| 推荐引用方式 GB/T 7714 | Dirk Krueger,Chunzan Wu. DP12828 How Much Consumption Insurance in Bewley Models with Endogenous Family Labor Supply?. 2018. |
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