Female Labor Supply, Human Capital, and Welfare Reform

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Female Labor Supply, Human Capital, and Welfare Reform

We estimate a dynamic model of employment, human capital accumulation including education, and savings for women in the UK, exploiting policy changes. We analyze both the incentive effects and the welfare implications of tax credits and income support programs and we account for their insurance value. We find important incentive effects on education choice and labor supply, with single mothers ...

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FEMALE LABOUR SUPPLY , HUMAN CAPITAL AND WELFARE REFORM Richard

We consider the impact of Tax credits and income support programs on female education choice, employment, hours and human capital accumulation over the life-cycle. We thus analyze both the short run incentive effects and the longer run implications of such programs. By allowing for risk aversion and savings we are also able to quantify the insurance value of alternative programs. We find import...

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Female Labour Supply, Human Capital and Welfare Reform

Female Labour Supply, Human Capital and Welfare Reform We consider the impact of tax credits and income support programs on female education choice, employment, hours and human capital accumulation over the life-cycle. We analyze both the short run incentive effects and the longer run implications of such programs. By allowing for risk aversion and savings, we quantify the insurance value of al...

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IFS Working Paper W / Female Labor Supply, Human Capital and Welfare Reform

We estimate a dynamic model of employment, human capital accumulation including education, and savings for women in the UK, exploiting tax and benefit reforms, and use it to analyze the e↵ects of welfare policy. We find substantial elasticities for labor supply and particularly for lone mothers. Returns to experience, which are important in determining the longer-term e↵ects of policy, increase...

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The Labor Supply Effects of Welfare Reform

Some of the ideas in this paper were inspired by communications with David Card, Patricia Ruggles, and Bruce Meyer. I am also grateful to Daniel McMurrer for providing me with spreadsheets describing the Urban Institute's methodology for estimating the effects of welfare work requirements. Ken Kline provided excellent research assistance. The research for this paper was conducted with financial...

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ژورنال

عنوان ژورنال: Econometrica

سال: 2016

ISSN: 0012-9682

DOI: 10.3982/ecta11576