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Tuesday, May 12, 2020 | History

2 edition of Does spousal labor smooth fluctuations in husbands" earnings? found in the catalog.

Does spousal labor smooth fluctuations in husbands" earnings?

Mercedes GarcГ­a-Escribano

Does spousal labor smooth fluctuations in husbands" earnings?

the role of liquidity constraints

by Mercedes GarcГ­a-Escribano

  • 230 Want to read
  • 38 Currently reading

Published by International Monetary Fund, European Dept. in Washington, D.C .
Written in English

    Subjects:
  • Married women -- Employment -- Economic aspects -- Econometric models.,
  • Women -- Employment -- Economic aspects -- Econometric models.,
  • Liquidity (Economics) -- Econometric models.,
  • Wages -- Econometric models.,
  • Credit -- Econometric models.,
  • Income -- Econometric models.

  • Edition Notes

    StatementMercedes García-Escribano.
    SeriesIMF working paper -- WP/04/20
    ContributionsInternational Monetary Fund. European Dept.
    The Physical Object
    Pagination42 p. :
    Number of Pages42
    ID Numbers
    Open LibraryOL19615454M

      In the case of a divorced couple, a divorcee is actually still entitled to claim a spousal benefit based on the ex-spouse’s earnings record. And the benefit is calculated in the same manner – as 50% of the worker’s PIA, payable in full at the divorcee’s full retirement age. As an example, if one spouse had a backhoe business, and had been putting a portion of the business income back each month in order to replace an old, worn-out backhoe, then that spouse would not want that money (retained earnings) to be calculated as part of his or her income during a divorce in order to determine spousal support, child.

      However, increases in the correlation between spouses’ earnings may be due both to increases in the association between spouses’ earnings among dual-earners and to declines in the negative relationship between husbands’ earnings and the odds that wives work. I add terms to equation (3) to capture both types of by: using data from the PSID. First, while the dispersion of married-men wage earnings remains roughly constant in recent decades, the dispersion of spousal wage earnings is of a much larger magnitude and it also increases dramatically over time. About two-thirds of the difference in magnitudes and most of.

    by a sufficient amount, Don’s excess earnings may affect both Don’s and Mary’s benefits. However, the Earnings Test does not apply to Mary’s earnings, because she has reached Full Retirement Age. 5. Same facts as #3, except Mary is The Earnings Test does not apply to either Size: KB.   Social Security will be there for you. As the experts have made clear, Social Security is very likely to be available to you, even if you retire after , when the trust fund is expected to run : Christy Bieber.


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Does spousal labor smooth fluctuations in husbands" earnings? by Mercedes GarcГ­a-Escribano Download PDF EPUB FB2

The liquidity constraints) dominates the spousal labor response. Thus, this paper offers new evidence regarding the existence of the AWE, and supports the view that liquidity constraints play a major role in explaining the cross effect of transitory shocks in husbands’ earnings on spousal labor.

This paper theoretically and empirically investigates the role of spousal labor in buffering transitory shocks to husbands' earnings. To measure the amount of the shock that spousal labor absorbs, an instrumented cross-sectional variance decomposition is developed. Get this from a library.

Does spousal labor smooth fluctuations in husbands' earnings?: the role of liquidity constraints. [Mercedes Garcia-Escribano; International Monetary Fund. European Department,] -- This paper theoretically and empirically investigates the role of spousal labor in buffering transitory shocks to husbands' earnings.

This paper theoretically and empirically investigates the role of spousal labor in buffering transitory shocks to husbands' earnings. To measure the amount of the shock that spousal labor absorbs, an instrumented cross-sectional variance decomposition is : Mercedes Garcia-Escribano.

This paper theoretically and empirically investigates the role of spousal labor in buffering transitory shocks to husbands'' earnings. To measure the amount of the shock that spousal labor absorbs, an instrumented cross-sectional variance decomposition is : Mercedes Garcia-Escribano.

Does spousal labor smooth fluctuations in husband’s earnings. The role of liquidity constraints.” (). Ex ante and ex post labor supply responses to risk in a low income area,” manuscript, (). Mercedes Garcia-Escribano, "Does Spousal Labor Smooth Fluctuations in Husbands’ Earnings.

The Role of Liquidity Constraints," IMF Working Papers 04/20, International Monetary Fund. Hartmut Egger & Udo Kreickemeier, Author: Katrin Huber, Erwin Winkler.

Note: Your excess earnings do not cause deductions from the benefits of an entitled divorced spouse if your month of entitlement is prior to the month of divorce or if you have been divorced from the entitled spouse for at least two years in a row.

You wrote: “both your husband's benefits and your spousal benefits would be withheld for as long as it takes to recover the amount required by the Social Security earnings test.” I could be wrong, but I believe the Social Security office told me (by phone) that because I am of FRA, my benefits would NOT be withheld- although they might.

If demand for labor increases the earnings increases. If supply of labour decreases the earnings increases. Although patterns of change differ from person to person and some individuals remain in poverty for extended periods of time, most of us experience fairly large changes in.

On the one hand, the spouse's labor supply may increase to make up for the sick individual's lost income (“added worker effect”).

On the other hand, family members, and spouses in particular, may reduce their labor supply in order to care for their sick partner following a health shock (“caregiver effect”).Cited by: 7. Increased female labor force participation and earnings coupled with declining male labor force participation and earnings have altered the correlation between husbands' and wives' earnings.

Schwartz () found the earnings of husbands and wives to be negatively correlated in the late s and s, reflecting the choice of women married to higher-earning husbands.

It does not, however, get adjusted again when Edward reaches full retirement age, even if the earnings test results in additional months of withholding from her spousal benefit in the interim. *Exception: Your ex-spouse’s benefit on your work record will not be reduced as a result of your excess earnings if you have been divorced for at least 2 years.

She’s eligible for a benefit of $2, a month at full retirement age. By claiming four years early, her benefit would be reduced to $1, but her husband could claim the full spousal benefit of $1, a month because he is full retirement age. Here’s where the earnings test puts the kibosh on the couple’s plan.

As a person's income level and future job prospects become stronger, the chance of them receiving continuous alimony payments lessens. If the divorced couple has drastically different income levels, alimony guidelines may allow for the spouse with the lower income to receive payments from the wealthier spouse.

A 'read' is counted each time someone views a publication summary (such as the title, abstract, and list of authors), clicks on a figure, or views or downloads the full-text. Spousal Alimony and Support. Spousal alimony or support is the payment from one spouse to another, often to make up for the reduced financial resources of the receiving spouse, or to compensate for that spouse's contribution to the home or the other spouse's career advancement.

In California and other community-property states, the cost basis of all the stock held jointly in a husband-wife account is normally changed to the price on the date of the first spouse's death.

husbands are more likely to be married to high-earning wives) and in terms of the differences in their real earnings (the gap between husbands’ and wives’ earnings has declined).

Next, I use my preferred log-linear model to decompose the total impact of changes in the association between spouses’ earnings on multiple measures of inequality.

Introduction. Among married couples, wives perform the majority of household labor even when both spouses work full-time and when wives earn as much as their husbands (Evertsson and Nermo, ).This inequality in the division of household labor contributes to a gender gap in leisure time between fully-employed husbands and wives and may also contribute to the Cited by:.

Marriage of Mosley also involved judgment spousal and child support. The trial court had previously ordered the husband to pay fifteen percent (15%) of his gross bonus income in excess of a base amount ($,/year) and twenty-one percent (21%) of the excess was characterized and ordered as additional child support.MacVean, A.D.2dN.Y.S.2d () (the financial contribution of the husband's companion is not income where her contributions were used to defray the expenses of jointly owned property and did not reduce the husband's personal expenses); Matter of Marriage of Hardiman, Or.

App.P.2d () (income of new spouse.IFAU – The effect of own and spousal parental leave on earnings 3 1 Introduction The last decades have seen a convergence in the labor market behavior of males and females, where the maleto-female ratio of educational levels, participation rates, hours - worked and hourly earnings have declined (Lundberg and Pollak, ; Lundberg, ).