Arbeitspapier
Labour supply as a buffer: Evidence from UK households
This paper examines labour supply adjustment - both hours worked and participation decisions. We focus on the response of each to financial shocks, employing data from the BHPS. Estimated responses are broadly consistent with models of self-insurance that incorporate labour supply flexibility. The shock reflects several factors including financial wealth and a partner's employment situation. The response is significantly larger for those who change job, consistent with the importance of hours constraints within jobs. The propensity to participate in the labour market also appears to respond to the financial shock but that is somewhat less robust than the hours response.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 6506
- Klassifikation
-
Wirtschaft
Time Allocation and Labor Supply
- Thema
-
labour supply
self-insurance
Haushaltseinkommen
Wirtschaftskrise
Arbeitsangebot
Großbritannien
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Benito, Andrew
Saleheen, Jumana
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute for the Study of Labor (IZA)
- (wo)
-
Bonn
- (wann)
-
2012
- Handle
- URN
-
urn:nbn:de:101:1-201208096204
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Benito, Andrew
- Saleheen, Jumana
- Institute for the Study of Labor (IZA)
Entstanden
- 2012
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