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来源类型Working Paper
规范类型报告
DOI10.3386/w29675
来源IDWorking Paper 29675
Slowing Women's Labor Force Participation: The Role of Income Inequality
Stefania Albanesi; María José Prados
发表日期2022-01-24
出版年2022
语种英语
摘要The entry of married women into the labor force and the rise in women's relative wages are amongst the most notable economic developments of the twentieth century. The growth in these indicators was particularly pronounced in the 1970s and 1980s, but it stalled since the early 1990s, especially for college graduates. In this paper, we argue that the discontinued growth in female labor supply and wages since the 1990s is a consequence of growing inequality. Our hypothesis is that the growth in top incomes for men generated a negative income effect on the labor supply of their spouses, which reduced their participation and wages. We show that the slowdown in participation and wage growth was concentrated among women married to highly educated and high income husbands, whose earnings grew dramatically over this period. We then develop a model of household labor supply with returns to experience that qualitatively reproduces this effect. A calibrated version of the model can account for a large fraction of the decline relative to trend in married women's participation in 1995-2005 particularly for college women. The model can also account for the rise in the gender wage gap for college graduates relative to trend in the same period.
主题Macroeconomics ; Consumption and Investment ; Labor Economics ; Demography and Aging ; Labor Supply and Demand ; Labor Compensation
URLhttps://www.nber.org/papers/w29675
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/587349
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Stefania Albanesi,María José Prados. Slowing Women's Labor Force Participation: The Role of Income Inequality. 2022.
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