Full Citation

Title: Public Insurance of Married Versus Single Households in the US: Trends and Welfare Consequences

Citation Type: Working Paper

Publication Year: 2018

ISBN:

ISSN:

DOI:

NSFID:

PMCID:

PMID:

Abstract: Using the March Current Population Survey, I show that over the last two decades, married households in the United States received increasingly more public insurance against labor income risk, whereas the opposite was true for single households. To evaluate the welfare consequences of this trend, I perform a quantitative analysis. As a novel contribution, I expand the standard incomplete markets model a` la Aiyagari (1994) to include two groups of households: married and single. The model allows for changes in the marital status of households and accounts for transition dynamics between steady states. I show that the divergent trends in public insurance have a significant detrimental effect on the welfare of both married and single households.

Url: https://www.lb.lt/uploads/publications/docs/20986_df223f4ed13194a6a2c35e8b6ecb75a7.pdf

User Submitted?: No

Authors: Singh, Swapnil

Series Title: Lietuvos bankas Eurostitsema Working Paper Series

Publication Number: 54

Institution: Lietuvos bankas Eurostitsema

Pages:

Publisher Location:

Data Collections: IPUMS CPS

Topics: Family and Marriage, Health

Countries: Lithuania, United States