Replication Data for: Has the Increased Attachment of Women to the Labor Market Changed a Family’s Ability to Smooth Income Shocks

An increase in a married woman's attachment to the labor market affected her family's ability to smooth unexpected income shocks. Between 1970 and 1990, the sharp rise in labor market attachment provided an increasingly important channel for smoothing shocks to spousal income. As the participation rate stabilized, this contribution to smoothing evened out. In the Great Recession, both spouses received negative income shocks, and access to transfer income became the main insurance mechanism. Volatility of consumption followed volatility of family income trends but at a lower magnitude. Families' ability to weather income shocks didn't change during the 1970-2010 period.

已婚女性劳动力市场依附程度的提升，会影响家庭平滑意外收入冲击的能力。1970年至1990年间，劳动力市场依附度的大幅攀升，成为家庭平滑配偶收入冲击的愈发重要的渠道。随着劳动参与率趋于稳定，该平滑机制的贡献也趋于平稳。在大衰退（Great Recession）期间，夫妻双方均遭遇负向收入冲击，此时转移收入（transfer income）成为最主要的保险保障机制。消费波动率的变动趋势与家庭收入波动率的变动趋势保持一致，但幅度相对更低。1970年至2010年期间，家庭抵御收入冲击的能力并未发生显著变化。