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Consumption Inequality and Family Labor Supply
consumption labor supply earnings inequality
2012/10/19
In this paper we examine the link between wage inequality and consumption inequality using
a life cycle model that incorporates household consumption and family labor supply
decisions. We derive ana...
Medical Marijuana Laws, Traffic Fatalities, and Alcohol Consumption
medical marijuana traffic fatalities alcohol consumption
2012/10/22
To date, 16 states have passed medical marijuana laws, yet very little is known about their effects. Using state-level data, we examine the relationship between medical marijuana laws and a variety of...
Labor Supply and Consumption Smoothing When Income Shocks Are Non-Insurable
dual job holding wage shock consumption smoothing subsidiary farming reaction time to shocks
2012/11/1
The paper investigates how employees use secondary employment to smooth out consumption shortfalls from non-anticipated wage shocks in their main employment. The identification strategy exploits surpr...