Family ties and labor supply

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Title: Family ties and labor supply
Authors: Díaz Rodríguez, Antonia | Guillo, Maria Dolores
Research Group/s: Grupo de Estudios de Paz y Desarrollo (GEPYD)
Center, Department or Service: Universidad de Alicante. Departamento de Métodos Cuantitativos y Teoría Económica
Keywords: Family ties | Household formation | Search effort | Labor supply
Knowledge Area: Fundamentos del Análisis Económico
Issue Date: 2005
Publisher: Fundación Sociedad Estatal de Participaciones Industriales (SEPI)
Citation: DÍAZ, Antonia; GUILLÓ, M. Dolores. “Family ties and labor supply”. Investigaciones Económicas. Vol. 29, n. 2 (2005). ISSN 0210-1521, pp. 289-329
Abstract: We develop a theoretical model of the household where family ties impose a distortion on the job search incentives of unemployed members and on the young adults’ decision of leaving the parental house. We find that the search efforts of unemployed family members are strategic substitutes, the young adult leaves the parental house only if his market wage is sufficiently high, and a low wage for the young implies that the mother’s and the young adult’s search efforts are low and, as a result, their probabilities of unemployment are high. The presence of a household good is crucial for these result. The model predictions are roughly consistent with the Spanish evidence.
Sponsor: This work has been financed by the Instituto Valenciano de Investigaciones Económicas through the research contract IVIE 3.981. Partial financial support from the Spanish DGICYT research projects BEC2001-1635 and BEC2001-0535.
URI: http://hdl.handle.net/10045/23683
ISSN: 0210-1521
Language: eng
Type: info:eu-repo/semantics/article
Peer Review: si
Appears in Collections:INV - GEPYD - Artículos de Revistas
INV - DMCTE - Artículos de Revistas

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