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Running hard and falling behind: A welfare analysis of two-earner families

Running hard and falling behind: A welfare analysis of two-earner families This paper investigates the commonly asserted proposition that long term economic changes have put the family in a financial bind. Structural parameters of a family utility model are obtained by estimating simultaneous labor supply functions for a two-earner household. We find evidence indicating that the average 1990‘s two-earner family would prefer to receive the 1980‘s real wage package (were it available) instead of the real wage package it actually faces. The degree to which the 1990‘s family is worse off (in terms of the changes in the real wage package) is roughly equivalent to an hour of leisure per week. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Population Economics Springer Journals

Running hard and falling behind: A welfare analysis of two-earner families

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References (11)

Publisher
Springer Journals
Copyright
Copyright © 1997 by Springer-Verlag Berlin Heidelberg
Subject
Economics; Population Economics; Labor Economics; Demography; Social Policy
ISSN
0933-1433
eISSN
1432-1475
DOI
10.1007/s001480050041
Publisher site
See Article on Publisher Site

Abstract

This paper investigates the commonly asserted proposition that long term economic changes have put the family in a financial bind. Structural parameters of a family utility model are obtained by estimating simultaneous labor supply functions for a two-earner household. We find evidence indicating that the average 1990‘s two-earner family would prefer to receive the 1980‘s real wage package (were it available) instead of the real wage package it actually faces. The degree to which the 1990‘s family is worse off (in terms of the changes in the real wage package) is roughly equivalent to an hour of leisure per week.

Journal

Journal of Population EconomicsSpringer Journals

Published: Aug 1, 1997

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