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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