Commitment and the Dynamics of Household Labour Supply

Theloudis, Alexandros ; Velilla, Jorge (Universidad de Zaragoza) ; Chiappori, Pierre-André ; Giménez-Nadal, J Ignacio (Universidad de Zaragoza) ; Molina, José Alberto (Universidad de Zaragoza)

Resumen: The extent to which individuals commit to their partner for life has important implications. This paper develops a lifecycle collective model of the household, through which it characterises behaviour in three prominent alternative types of commitment: full, limited, and no commitment. We propose a test that distinguishes between all three types based on how contemporaneous and historical news affect household behaviour. Our test permits heterogeneity in the degree of commitment across households. Using recent data from the Panel Study of Income Dynamics, we reject full and no commitment, while we find strong evidence for limited commitment.

Idioma: Inglés

DOI: 10.1093/ej/ueae065

Año: 2024

Publicado en: ECONOMIC JOURNAL
ISSN: 0013-0133

Tipo y forma: Article (PostPrint)

Área (Departamento): Área Fund. Análisis Económico (Dpto. Análisis Económico)

Dataset asociado: Supplementary data ( https://doi.org/10.5281/zenodo.12571717)