Does Spousal Labor Smooth Fluctuations in Husbands' Earnings? The Role of Liquidity Constraints

Working Paper No. 04/20

Does Spousal Labor Smooth Fluctuations in Husbands' Earnings? The Role of Liquidity Constraints
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... READ MORE...

Publication date: February 2004
ISBN 9781451843873
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Publication date: February 2004

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Publication date: February 2004

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