For Better, For Worse
Intrahousehold Risk-Sharing over the Business Cycle
Bibliographic Data
| ID | 19312901 |
|---|---|
| Authors | Stephen H Shore (0000-0003-4787-893X, Johns Hopkins University, corresponding author) |
| Year | 2010 |
| Volume | 92 |
| Issue | 3 |
| Pages | 536-548 |
| Publication date | 2010-08-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Review of Economics and Statistics (JOURNAL) |
| Journal identifiers | ISSN: 0034-6535 • E-ISSN: 1530-9142 |
| Publisher | MIT Press - Journals (PUBLISHER) |
| DOI | 10.1162/rest_a_00009 |
| OpenAlex | W1990778339 |
| Language | EN |
| Citations received | 10 |
| References cited | 16 |
Marriage allows couples to diversify labor income risks and dynamically coordinate labor supply decisions in response to shocks. This paper argues that these risk-sharing benefits of marriage are countercyclical; husbands' and wives' income changes are more positively correlated when the economy is growing rapidly. As a result, while individuals face more idiosyncratic income risk in bad times than in good, households do not. I exploit variation in the cross-sectional covariance of husbands' and wives' incomes to infer the covariance of past income changes. Couples with marriages spanning periods of greater economic expansion have more positively correlated incomes in the cross-section
Business cycle · Covariance · Demographic economics · Economics · Labour economics · Macroeconomics · Position (finance) · Variation (astronomy) · Family Dynamics and Relationships · Financial Literacy, Pension, Retirement Analysis · Gender, Labor, and Family Dynamics
Wage shocks, household labor supply, and income instability
The Rising Instability of U.S. Earnings
Dual-track in the family
The shifters of intrahousehold decision-making in European countries
Liquidity constraints and family labor participation
Marriage and divorce
For richer, if not for poorer? Marriage and divorce over the business cycle
Income and Consumption
Does home owning smooth the variability of future housing consumption
Globalization, Fertility, and Marital Behavior in a Lowest-Low Fertility Setting
The Growth of Earnings Instability in the U.S. Labor Market
On the Covariance Structure of Earnings and Hours Changes
The nature of precautionary wealth
Income Variance Dynamics and Heterogeneity
Worker Displacement and the Added Worker Effect
Does Unemployment Insurance Crowd out Spousal Labor Supply
The Added Worker Effect
Business cycles and fertility dynamics in the United States
Does home owning smooth the variability of future housing consumption
A Theory of Social Interactions
Intertemporal Choice and Inequality
Cyclical Dynamics in Idiosyncratic Labor Market Risk
A Theory of Marriage
Five Decades of Educational Assortative Mating
| Unique citing works | 10 |
|---|---|
| Citations per year | 0,59 |
| Citation span | 2009 - 2026 (18) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 7 |