TY - JOUR
T1 - The aggregate implications of gender and marriage
AU - Borella, Margherita
AU - De Nardi, Mariacristina
AU - Yang, Fang
N1 - Publisher Copyright:
© 2017
PY - 2018/5
Y1 - 2018/5
N2 - Wages, labor market participation, hours worked, and savings differ by gender and marital status. In addition, women and married people make up a large fraction of the population and of labor market participants, total hours worked, and total earnings. For the most part, macroeconomists have been ignoring women and marriage in setting up structural models and in calibrating them using data on males only. In this paper, we ask whether ignoring gender and marriage in both models and data implies that the resulting calibration matches well the key economic aggregates. We find that it does not and we ask whether there are other calibration strategies or relatively simple models of marriage that can improve the fit of the model to aggregate data.
AB - Wages, labor market participation, hours worked, and savings differ by gender and marital status. In addition, women and married people make up a large fraction of the population and of labor market participants, total hours worked, and total earnings. For the most part, macroeconomists have been ignoring women and marriage in setting up structural models and in calibrating them using data on males only. In this paper, we ask whether ignoring gender and marriage in both models and data implies that the resulting calibration matches well the key economic aggregates. We find that it does not and we ask whether there are other calibration strategies or relatively simple models of marriage that can improve the fit of the model to aggregate data.
KW - Gender
KW - Marriage
KW - Wage
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U2 - 10.1016/j.jeoa.2017.01.005
DO - 10.1016/j.jeoa.2017.01.005
M3 - Article
AN - SCOPUS:85014038159
SN - 2212-828X
VL - 11
SP - 6
EP - 26
JO - Journal of the Economics of Ageing
JF - Journal of the Economics of Ageing
ER -