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The Resource Essays on household decision, Maria Gustafsson

Essays on household decision, Maria Gustafsson

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Summary
This thesis considers the fact that the majority of households consists of two adults whose characteristics and preferences matter for the households' decisions. The rst chapter studies how an increase in the generosity of maternity leave payments a ects parental labor supply, early child development, and the relative well-being of the parents considering that parents may have di erent preferences over outcomes and that the policy change may a ect the parental bargaining positions. I develop and estimate a static cooperative Nash bargaining model of parental decision-making in the rst period of the child's life and use the model to investigate how the decision-making changes with an increase in the leave payments. The results indicate that mothers will spend more time at home rather than in the labor market when the leave payments increase, but that the average early child development is not much a ected. Furthermore, the policy shifts the bargaining positions within the household in favor of the father and, although both parents are better o from the policy change, the mother would be better o relative to the father without the increase in maternity leave payments. In the second chapter we look closer at how the insurance value of marriage, represented by the correlation of shocks to individual incomes, varies over di erent groups in the popu- lation. We nd that this value may be lower for more recent cohorts, and decrease with age and with higher education. The third chapter builds on the second. We investigate the importance of intra-household risk-sharing through labor supply by testing the following prediction: A higher correlation of income shocks within the household implies a lower ability to insure income through spousal labor supply and should, all else equal, lead to higher asset accumulation of the house- hold. Our results indicate that this prediction holds empirically, suggesting that households perceive spousal labor supply as an important income insurance
Language
eng
Work
Publication
Extent
v, 104 pages
Note
Examining Board: Professor Jérôme Adda, EUI, Supervisor; Professor Arpad Abraham, EUI; Professor Frederic Vermeulen, University of Leuven; Professor Thomas Crossley, University of Essex
Link
http://hdl.handle.net/1814/32051
Instance
Label
Essays on household decision
Title
Essays on household decision
Statement of responsibility
Maria Gustafsson
Creator
Contributor
Subject
Language
eng
Summary
This thesis considers the fact that the majority of households consists of two adults whose characteristics and preferences matter for the households' decisions. The rst chapter studies how an increase in the generosity of maternity leave payments a ects parental labor supply, early child development, and the relative well-being of the parents considering that parents may have di erent preferences over outcomes and that the policy change may a ect the parental bargaining positions. I develop and estimate a static cooperative Nash bargaining model of parental decision-making in the rst period of the child's life and use the model to investigate how the decision-making changes with an increase in the leave payments. The results indicate that mothers will spend more time at home rather than in the labor market when the leave payments increase, but that the average early child development is not much a ected. Furthermore, the policy shifts the bargaining positions within the household in favor of the father and, although both parents are better o from the policy change, the mother would be better o relative to the father without the increase in maternity leave payments. In the second chapter we look closer at how the insurance value of marriage, represented by the correlation of shocks to individual incomes, varies over di erent groups in the popu- lation. We nd that this value may be lower for more recent cohorts, and decrease with age and with higher education. The third chapter builds on the second. We investigate the importance of intra-household risk-sharing through labor supply by testing the following prediction: A higher correlation of income shocks within the household implies a lower ability to insure income through spousal labor supply and should, all else equal, lead to higher asset accumulation of the house- hold. Our results indicate that this prediction holds empirically, suggesting that households perceive spousal labor supply as an important income insurance
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Cataloging source
IT-FiEUI
http://library.link/vocab/creatorName
Gustafsson, Maria
Date time place
Defence date: 2 July 2014
Dissertation note
Thesis (Ph. D.)--European University Institute (ECO), 2014.
Index
no index present
Literary form
non fiction
Nature of contents
theses
http://library.link/vocab/relatedWorkOrContributorName
European University Institute
Series statement
  • EUI PhD theses
  • EUI theses
http://library.link/vocab/subjectName
  • Households
  • Families
Label
Essays on household decision, Maria Gustafsson
Link
http://hdl.handle.net/1814/32051
Instantiates
Publication
Note
Examining Board: Professor Jérôme Adda, EUI, Supervisor; Professor Arpad Abraham, EUI; Professor Frederic Vermeulen, University of Leuven; Professor Thomas Crossley, University of Essex
Bibliography note
Includes bibliographical references (pages 102-104)
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Control code
FIEb17565613
Dimensions
30 cm.
Extent
v, 104 pages
Media category
unmediated
Media MARC source
rdamedia.
Media type code
  • n
System control number
(OCoLC)914478375
Label
Essays on household decision, Maria Gustafsson
Link
http://hdl.handle.net/1814/32051
Publication
Note
Examining Board: Professor Jérôme Adda, EUI, Supervisor; Professor Arpad Abraham, EUI; Professor Frederic Vermeulen, University of Leuven; Professor Thomas Crossley, University of Essex
Bibliography note
Includes bibliographical references (pages 102-104)
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Control code
FIEb17565613
Dimensions
30 cm.
Extent
v, 104 pages
Media category
unmediated
Media MARC source
rdamedia.
Media type code
  • n
System control number
(OCoLC)914478375

Subject

Member of

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