TY  - RPRT
        AU  - Theloudis, Alexandros
AU  - Velilla, Jorge
AU  - Chiappori, Pierre-André
AU  - Gimenez-Nadal, José Ignacio
AU  - Molina, José Alberto
        TI  - Commitment and the Dynamics of Household Labor Supply
        PY  - 2022/Nov/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 15737
        UR  - https://www.iza.org/publications/dp15737
        AB  - The extent to which individuals commit to their partner for life has important implications. This paper develops a lifecycle collective model of the household, through which it characterizes behavior in three prominent alternative types of commitment: full, limited, and no commitment. We propose a test that distinguishes between all three types based on how contemporaneous and historical news affect household behavior. Our test permits heterogeneity in the degree of commitment across households. Using recent data from the Panel Study of Income Dynamics, we reject full and no commitment, while we find strong evidence for limited commitment. 
        KW  - household behavior
KW  - intertemporal choice
KW  - commitment
KW  - collective model
KW  - family labor supply
KW  - dynamics
KW  - wages
KW  - PSID
        ER  -