Gender, Marriage, and Life Expectancy

By Margherita Borella, Mariacristina De Nardi and Fang Yang

http://d.repec.org/n?u=RePEc:nbr:nberwo:22817&r=dge

Wages and life expectancy, as well as labor market outcomes, savings, and consumption, differ by gender and marital status. In this paper we compare the aggregate implications of two dynamic structural models. The first model is a standard, quantitative, life-cycle economy, in which people are only heterogenous by age and realized earnings shocks, and is calibrated using data on men, as typically done. The second model is one in which people are also heterogeneous by gender, marital status, wages, and life expectancy, and is calibrated using data for married and single men and women. We show that the standard life-cycle economy misses important aspects of aggregate savings, labor supply, earnings, and consumption. In contrast, the model with richer heterogeneity by gender, marital status, wage, and life expectancy matches the observed data well. We also show that the effects of changing life expectancy and the gender wage gap depend on marital status and gender, and that it is essential to not only model couples, but also the labor supply response of both men and women in a couple.

This seems like a fairly obvious point, and a point that needs to be made and is supported here by significant quantities.

Advertisements

One Response to Gender, Marriage, and Life Expectancy

  1. Mariacristina De Nardi says:

    Thank you for this opportunity! We will change the title to “The aggregate implications of gender and marriage” to better reflect the content of the paper. We are also working on strengthening the claims.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: