We look at how strongly shocks to wealth affect labour supply, using Italian data. We use asset price shocks to provide a measure of wealth changes that is exogenous to the household's saving and labour supply. Results point to significant effects of wealth on: hours of work; whether agents...

We look at how strongly shocks to asset values affect labour supply, using Italian data. We use asset price shocks to provide a measure of wealth changes that is exogenous to households’ saving and labour supply. Our results point to significant effects of wealth on hours of work and on...

<p><b>Please note:</b> This paper was updated on 26 October 2010. Childcare costs are often viewed as one of the biggest barriers to work, particularly among lone parents on low incomes. Children in England are eligible to attend free part-time nursery classes (equivalent to pre-kindergarten) from the...</p>

The family investment hypothesis predicts that credit-constrained immigrant families adopt a household strategy for financing post-migration human capital investment in which the partner with labor market comparative advantage engages in investment activities and the other partner undertakes...