NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Aggregate Implications of Gender and Marriage

Margherita Borella, Mariacristina De Nardi, Fang Yang

NBER Working Paper No. 22817
Issued in November 2016, Revised in December 2016
NBER Program(s):Aging, Public Economics

Wages, labor market participation, hours worked, and savings differ by gender and marital status. In addition, women and married people make up for a large fraction of the population and of labor market participants, total hours worked, and total earnings. For the most part, macroeconomists have been ignoring women and marriage in setting up structural models and by calibrating them using data on males only. In this paper we ask whether ignoring gender and marriage in both models and data implies that the resulting calibration matches well the key economic aggregates. We find that it does not and we ask whether there are other calibration strategies or relatively simple models of marriage that can improve the fit of the model to aggregate data.

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Document Object Identifier (DOI): 10.3386/w22817

Published: Margherita Borella & Mariacristina De Nardi & Fang Yang, 2017. "The aggregate implications of gender and marriage," The Journal of the Economics of Ageing, .

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