Journal of Political Economy Vol. 89 No. 6 1981
An Empirical Model of Labor Supply in a Life-Cycle Setting
Abstract
This paper formulates and estimates a structural intertemporal model of labor supply. Using theoretical characterizations derived from an economic model of lifetime behavior, a two-step empirical analysis yields estimates of intertemporal and uncompensated substitution effects which provide the information needed to predict the response of hours of work to life-cycle wage growth and shifts in the lifetime wage path.
- Volume
- 89
- Issue
- 6
- Pages
- 1059-1085
- Sources
- bibtex:phds-export.bib