Inequality, Insurance and Family Labor Supply

Inequality, Insurance and Family Labor Supply

Richard Blundell examined the mechanisms by which a family unit acts as a sort of labor insurance against shocks like job and wage loss. By looking at the interactions between time allocations and consumption expenses within families, he argues that we...

Summary

Richard Blundell examined the mechanisms by which a family unit acts as a sort of labor insurance against shocks like job and wage loss. By looking at the interactions between time allocations and consumption expenses within families, he argues that we can better understand the mechanisms by which families deal with economic downturn, and can craft policy addressing family tax and transfer systems more effectively.

Details

Duration:
45 minutes, 17 seconds
Recorded:
October 31, 2014
Published: November 26, 2014