Women Working Longer: Labor Market Implications of Providing Family Care

/in /by

By Kathleen McGarry and Sean Fahle

The labor force participation rates of women have risen dramatically over the past several decades. Much has been made of the increase in the numbers of women with young children who are now participating in the labor market despite the demands on their time at home. At older ages, women face similar competing demands on their time in the form of care for elderly family members. Due to increasing life expectancy, women who are now in their 50s and early 60s are more likely than ever to have a living parent and are thus more likely to be at risk of needing to provide care. In this chapter, we analyze the prevalence of the provision of long-term care for a representative sample of women in their pre-retirement years and look to see how this caregiving affects employment. We find a significant positive trend across cohorts in the need to provide care and a significant effect of caregiving on work, with caregiving reducing the probability of work by just over 8 percent and the number of hours worked by 4 percent. Our cohort analysis points to a growing impact of caregiving over time and suggests that the lack of affordable long-term care options can have a substantial impact on employment rates.

 

Congratulations Class of 2015!

/in , /by

With honored guests, Duff and Morris Goldman, and the Economics Department offer their congratulations to over 800 Business Economics, Economics, and Math/Economics students who completed their degrees this year! 657 of our graduates and approximately 4500 guests watched Duff Goldman (Ace of Cakes) and his father Morris Goldman (UCLA, Ph.D. in Economics, 1972) deliver the commencement address at our Spring 2015 Commencement at Pauley Pavilion on Saturday, June 13th. They delivered the message of taking risks, following your dreams, and kindness. We hope our graduates will take their message and do great things as proud UCLA alums! Please continue to think of us as you continue on with life after UCLA.

Congratulations to John Asker for Jerry S. Cohen Memorial Fund Writing Award

/in , /by

John Asker's article, “Raising Retailers' Profits: On Vertical Practices and the Exclusion of Rivals,” (American Economic Review, 104(2), 672-686, 2014) has been awarded thirteenth annual Jerry S. Cohen Memorial Fund Writing Award for Antitrust Scholarship, for the best economics article in 2014. The award places particular emphasis on scholarship that reflects a concern for principles of economic justice, the dispersal of economic power, and the federal statutes designed to protect society from various forms of anticompetitive activity.

Congratulations to Harold Demsetz for Lifetime Achievement Award

/in , /by

Harold Demsetz is the winner of the inaugural Elinor Ostrom Lifetime Achievement Award. This great honor is presented by the International Society of New Institutional Economics (ISNIE) once every two years and is given to an individual who has distinguished themselves by making sustained and significant contributions to institutional and organizational economics.

The Award presentation took place during the Annual Meeting of ISNIE at Harvard University, at a banquet on Saturday, June 20, 2015.

Congratulations Harold!