全球智库信息集成服务系统(G2TT): How Much Consumption Insurance in Bewley Models with Endogenous Family Labor Supply?

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w24472
来源ID	Working Paper 24472
	How Much Consumption Insurance in Bewley Models with Endogenous Family Labor Supply?
	Chunzan Wu; Dirk Krueger
发表日期	2018-04-02
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	Microeconomics ; Households and Firms ; Market Structure and Distribution ; Macroeconomics ; Consumption and Investment
URL	https://www.nber.org/papers/w24472
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/582146
推荐引用方式 GB/T 7714	Chunzan Wu,Dirk Krueger. How Much Consumption Insurance in Bewley Models with Endogenous Family Labor Supply?. 2018.