Data and Code for: Women, Wealth Effects, and Slow Recoveries
Principal Investigator(s): View help for Principal Investigator(s) Masao Fukui, Boston University; Emi Nakamura, University of California-Berkeley; Jon Steinsson, University of California-Berkeley
Version: View help for Version V1
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Project Citation:
Fukui, Masao, Nakamura, Emi, and Steinsson, Jon. Data and Code for: Women, Wealth Effects, and Slow Recoveries. Nashville, TN: American Economic Association [publisher], 2022. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2022-12-09. https://doi.org/10.3886/E149321V1
Project Description
Summary:
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Business cycle recoveries have slowed in recent decades. This slowdown comes entirely from female employment: as women's employment rates converged towards men's over the course of the past half-century, the growth rate of female employment slowed. But does the slowdown in the growth of female employment rates translate into a slowdown for overall employment rates? The degree to which women "crowd out" men in the labor market is a sufficient statistic for this question. We estimate the extent of crowding out across states, and find that it is small. We then develop a general equilibrium model of the female convergence process featuring home production and show that our cross-sectional crowding out estimate provides a powerful diagnostic statistic for aggregate crowding out. Our model implies that 60-75% of the slowdown in recent business cycle recoveries can be explained by female convergence.
Funding Sources:
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Funai Foundation;
Japan Student Services Organization;
National Science Foundation (SES-1056107);
Alfred P. Sloan Foundation
Scope of Project
Subject Terms:
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Gender revolution;
slow recoveries
JEL Classification:
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E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
E32 Business Fluctuations; Cycles
J21 Labor Force and Employment, Size, and Structure
E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
E32 Business Fluctuations; Cycles
J21 Labor Force and Employment, Size, and Structure
Geographic Coverage:
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United States
Time Period(s):
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1970 – 2016
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