Multiple job holding, local labor markets, and the business cycle

Table 8 Panel analysis of married workers’ MJH response to spouses’ labor market transitions

	Wife’s response to husband’s transitions			Husband’s response to wife’s transitions
Dependent variable: ΔMJH	(1)	(2)	(3)	(4)	(5)	(6)
Spouse from E to U	0.0078*	0.0078*	0.0011	0.0014	0.0014	−0.0140*
	(0.0036)	(0.0036)	(0.0041)	(0.0046)	(0.0047)	(0.0065)
Spouse from E to N	−0.0073	−0.0074	−0.0135**	−0.0060*	−0.0058*	−0.0196**
	(0.0042)	(0.0042)	(0.0046)	(0.0025)	(0.0026)	(0.0039)
Spouse from U to E	−0.0017	−0.0016	0.0047	−0.0057	−0.0058	0.0089
	(0.0047)	(0.0047)	(0.0050)	(0.0053)	(0.0053)	(0.0066)
Spouse from N to E	0.0020	0.0019	0.0073	0.0105**	0.0105**	0.0236**
	(0.0054)	(0.0054)	(0.0057)	(0.0033)	(0.0033)	(0.0044)
Spouse not employed either period	0.0037*	0.0038*	0.0037*	0.0016	0.0015	0.0015
	(0.0018)	(0.0018)	(0.0018)	(0.0013)	(0.0013)	(0.0013)
Δ unemployment rate	−0.0275	−0.0578	−0.0581	−0.0253	0.1002	0.1003
	(0.0506)	(0.0814)	(0.0815)	(0.0429)	(0.0768)	(0.0767)
Unemployment rate (level)	−0.0478*	−0.0001	0.00003	0.0055	−0.0479	−0.0476
	(0.0236)	(0.0334)	(0.0335)	(0.0208)	(0.0321)	(0.0322)
Δ spouse’s log real weekly earnings			−0.0011** (0.0004)			−0.0026** (0.0006)
Year pair dummies	No	Yes	Yes	No	Yes	Yes
Month dummies	No	Yes	Yes	No	Yes	Yes
R ²	0.0006	0.0008	0.0008	0.0006	0.0008	0.0011
N	158,923	158,923	158,923	186,004	186,004	186,004

Sample includes earlier panel restrictions plus restrictions to those married in both years who are household heads or their spouses. Employed in neither period (NN) includes those either unemployed or not in the labor force in both periods (UU, NN) and those who transition between unemployment and not in the labor force (UN, NU). The omitted transition category is the spouse employed in both periods (EE). Δ spouse’s log real weekly earnings recodes all zero earners to $1 before taking logs. As controls, we include differences in all non-fixed covariates used in the cross section analysis, with the exception of hours worked on the primary job (its exclusion sharply decreased the R ² but had little effect on the pattern of results)
*Significant at 0.05 level; **Significant at 0.01 level