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Female Labor Supply and Why Women Need to Be Included in Economic Models
Article

Female Labor Supply and Why Women Need to Be Included in Economic Models

Mariacristina De Nardi and Sharada Dharmasankar
FRBC, 2017
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9

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Recommendation

In the United States, women make up 49% of the workforce, contribute 44% of hours worked and take home 37% of income. Yet they’re missing from most economists’ modeling of labor markets and therefore from considerations of social, educational and labor policies. According to economists Mariacristina De Nardi and Sharada Dharmasankar, standard models are too distorted to accurately assess the impacts of wide-ranging government programs and overall economic disruptions on female workers. getAbstract recommends this insightful study to economists, public officials and business executives of all genders.

Take-Aways

  • Although women maintain a substantial presence in the US labor force, the government crafts critical rules for Social Security, taxes and welfare benefits using the experiences of men only.
  • Patterns of labor force entry and exit for those born in the United States between 1941 and 1945 varied for men and women at different ages and marital statuses.
  • In the aggregate, married women had the lowest workforce participation rates.

About the Authors

Mariacristina De Nardi is a senior economist at the Federal Reserve Bank of Chicago, where Sharada Dharmasankar is an associate economist.

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