American Economic Journal:
Macroeconomics
ISSN 1945-7707 (Print) | ISSN 1945-7715 (Online)
Singles, Couples, and Their Labor Supply: Long-Run Trends and Short-Run Fluctuations
American Economic Journal: Macroeconomics
vol. 17,
no. 1, January 2025
(pp. 1–34)
Abstract
Women's increased involvement in the economy has been an important change in labor markets during the past century. I show that a macroeconomic model taking into account gender and household composition in an otherwise parsimonious off-the-shelf setting captures key historical labor supply facts regarding trend and volatility across subgroups. Evaluating the economy's response to aggregate shocks at different points in time shows that the underlying trend growth in married women's employment contributed to the perceived quick employment recoveries after recessions before 1990, and the absence of growth thereafter consequently helps explain the more recent slower recoveries.Citation
Olsson, Jonna. 2025. "Singles, Couples, and Their Labor Supply: Long-Run Trends and Short-Run Fluctuations." American Economic Journal: Macroeconomics, 17 (1): 1–34. DOI: 10.1257/mac.20200449Additional Materials
JEL Classification
- D13 Household Production and Intrahousehold Allocation
- E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
- E32 Business Fluctuations; Cycles
- J12 Marriage; Marital Dissolution; Family Structure; Domestic Abuse
- J16 Economics of Gender; Non-labor Discrimination
- J22 Time Allocation and Labor Supply
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