The aggregate implications of gender and marriage

TitleThe aggregate implications of gender and marriage
Publication TypeJournal Article
Year of Publication2018
AuthorsBorella, M, De Nardi, M, Yang, F
JournalThe Journal of the Economics of Ageing
Date Published05/2018
ISSN Number2212828X
KeywordsEmployment and Labor Force, Gender Differences, Marriage, Women and Minorities

Wages, labor market participation, hours worked, and savings differ by gender and marital status. In addition, women and married people make up a large fraction of the population and of labor market participants, total hours worked, and total earnings. For the most part, macroeconomists have been ignoring women and marriage in setting up structural models and in calibrating them using data on males only. In this paper, we ask whether ignoring gender and marriage in both models and data implies that the resulting calibration matches well the key economic aggregates. We find that it does not and we ask whether there are other calibration strategies or relatively simple models of marriage that can improve the fit of the model to aggregate data.

Short TitleThe Journal of the Economics of Ageing
Citation Key9162