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The Second Paycheck to Keep up with the Joneses: Relative Income Concerns and Labor Market Decisions of Married Women
2008
Social Science Research Network
This paper investigates whether one's effort to keep up with the Joneses has any effect on labor supply behavior. We provide a simple model and empirical evidence that labor supply decisions of married women are influenced by relative as well as absolute income of their husbands. We find, after controlling for husbands' absolute income and other individual characteristics, that married women are more likely to be in labor force when their husbands' relative income is low. Results are robust
doi:10.2139/ssrn.1116747
fatcat:lshf745krrdprn7b55ycf34vxe