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Home Production by Dual Earner Couples and Consumption During Retirement
by Christopher House, John P. Laitner and Dmitriy Stolyarov
WP 2006-143
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- In a theoretical model in which both spouses in a couple allocate their time between market and home work, we find the value of forgone home production is roughly 10-15 cents for every dollar a married man earns.
- Forgone home production is roughly 30-35 cents for every dollar of a married woman’s market earnings.
- Our findings imply male labor supply elasticities that are nearly zero and female elasticities around .50.
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