The jointness of labor and housing decisions is explicitly modelled in a consumer demand framework. Behavior of seven demographic groups differentiated by marital status, employment status and the presence of children is estimated from a micro data set. Results indicate that (1) decisions regarding work hours and housing consumption are interdependent choices and (2) responses to market signals differ significantly by demographic group. Results are likely to be superior to single equation studies or studies based on aggregate data.

Micro data gathered by the Soviet Interview Project provide one of the first opp ortunities for Western researchers to investigate the determinants of Soviet earnings. The data show that Soviet labor markets operate in many respects like U.S. labor markets, yet institutional differences remain. The most striking institutional impact is that Soviet workers are rewarded and penalized for political behavior external to the firm. As in the U.S., education and experience are rewarded; men earn more than women. However the Soviet pattern of returns to education is different, returns to experience are lower and occupational segregation of women is less important. Copyright 1988 by MIT Press.

Steven G. Craig, Janet E. Kohlhase, David H. Papell, Chaos Theory and Microeconomics: An Application to Model Specification and Hedonic Estimation, The Review of Economics and Statistics, Vol. 73, No. 2 (May, 1991), pp. 208-215