Profiles of Fertility, Labour Supply and Wages of Married Women: A Complete Life-Cycle Model

1984 ◽  
Vol 51 (2) ◽  
pp. 263 ◽  
Author(s):  
Robert Moffitt
Author(s):  
Max Groneck ◽  
Johanna Wallenius

Abstract In this article, we study the labour supply effects and the redistributional consequences of the US social security system. We focus particularly on auxiliary benefits, where eligibility is linked to marital status. To this end, we develop a dynamic, structural life cycle model of singles and couples, featuring uncertain marital status and survival. We account for the socio-economic gradients to both marriage stability and life expectancy. We find that auxiliary benefits have a large depressing effect on married women’s employment. Moreover, we show that a revenue neutral minimum benefit scheme would moderately reduce inequality relative to the current US system.


1982 ◽  
Vol 49 (4) ◽  
pp. 659 ◽  
Author(s):  
James J. Heckman ◽  
Thomas MaCurdy

1980 ◽  
Vol 47 (1) ◽  
pp. 47 ◽  
Author(s):  
James J. Heckman ◽  
Thomas E. Macurdy

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