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The aggregate implications of gender and marriage

De Nardi, M; Borella, M; Yang, F; (2018) The aggregate implications of gender and marriage. The Journal of the Economics of Ageing , 11 pp. 6-26. 10.1016/j.jeoa.2017.01.005. Green open access

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Abstract

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.

Type: Article
Title: The aggregate implications of gender and marriage
Open access status: An open access version is available from UCL Discovery
DOI: 10.1016/j.jeoa.2017.01.005
Publisher version: http://dx.doi.org/10.1016/j.jeoa.2017.01.005
Language: English
Additional information: This is an Open Access article published under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) Licence (https://creativecommons.org/licenses/by-nc-nd/4.0/).
Keywords: Gender, Marriage, Wage
UCL classification: UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > UCL SLASH
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of SandHS > Dept of Economics
URI: http://discovery.ucl.ac.uk/id/eprint/1538740
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