【Job Talk】Wealth Effects, Leisure Complementarity, and Spousal Labor Supply
2025/12/30
研討會日期 : 2025-12-30
時間 : 10:30
主講人 : Ms. Shirley Yu-Hsuan Yen (顏瑜萱)
地點 : Conference Room B110
主持人 : Professor Tzu-Ting Yang
演講者簡介 : Ms. Yen is expected to receive her Ph.D. in Economics from the University of Rochester in 2026. Her research fields are Labor Economics, Applied Microeconomics, Macro Labor, and Public Economics. She is applying for a position of the Institute of Economics, Academia Sinica now.
演講摘要 : In this paper, we document a novel empirical fact for earnings of married men and women: upon marriage, both men and women see a persistent decline in earnings, a pattern independent of childbirth as our primary analysis is restricted to couples with no children or those who have children later in marriage. The changes in earnings trends are attributable to a decrease in work hours and an increase in leisure activities post-marriage. Heterogeneous analyses on pre-marriage wealth groups suggest that leisure take-up is increasing in pre-marital wealth. We use a collective labor supply structural model to understand the importance of wealth effects of marriage and the complementarity of spouses' leisure hours in determining spousal joint labor supply decisions. Our model estimates suggest strong positive complementarity between spouses' leisure hours for both genders. Model exercises indicate that wealth effects play a key role in labor supply decisions at the extensive margin and complementarities in leisure lead to coordination of spouses' work hours. Our counterfactual analyses further suggest that differences in marriage rates could affect how aggregate shocks propagate to household labor supply behavior.
