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Family job search and wealth: The added worker effect revisited
Quantitative Economics ( IF 1.9 ) Pub Date : 2020-11-20 , DOI: 10.3982/qe1092
J. Ignacio García-Pérez 1, 2 , Sílvio Rendon 3
Affiliation  

We propose and estimate a model of family job search and wealth accumulation with data from the Survey of Income and Program Participation (SIPP). This dataset reveals a very asymmetric labor market for household members who share that their job finding is stimulated by their partners' job separation. We uncover a job search‐theoretic basis for this added worker effect, which occurs mainly during economic downturns, but also by increased nonemployment transfers. Thus, our analysis shows that the policy goal of increasing nonemployment transfers to support a worker's job search is partially offset by the spouse's cross effect of decreased nonemployment and wages. The added worker effect is robust to having more children and more education in the household and does not just result as a composition of heterogeneous individuals. We also show that the interdependency between household members is understated if wealth and savings are not considered. Finally, we show that gender equality in the labor market not only improves women's labor market performance, but it also increases men's accepted wages and nonemployment rates.

中文翻译:

家庭找工作和财富:重新增加的工人效应

我们根据收入和计划参与调查(SIPP)的数据,提出并估算了家庭工作寻找和财富积累的模型。该数据集揭示了家庭成员非常不对称的劳动力市场,他们认为他们的工作是受伴侣的工作分离刺激的。我们发现了这种增加的工人效应的求职理论基础,这种效应主要发生在经济不景气期间,但也出现在失业人数增加的情况下。因此,我们的分析表明,增加失业人数以支持工人找工作的政策目标被配偶减少失业和工资的交叉影响部分抵消。增加的工人效应对于在家庭中生育更多的孩子和接受更多的教育具有强大的作用,而不仅仅是由于异质个体的构成。我们还表明,如果不考虑财富和储蓄,家庭成员之间的相互依存性就会被低估。最后,我们表明,劳动力市场中的性别平等不仅改善了妇女在劳动力市场上的表现,而且还提高了男性的可接受工资和失业率。
更新日期:2020-11-20
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