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Author: Cotterman, Robert
Resulting in 1 citation.
1. Cotterman, Robert
Estimation of a Dynamic Model of Labor Supply: The Case of Older Males
Final Report, Assistant Secretary for Policy, Evaluation, and Research, U.S. Department of Labor, 1977.
Also: http://books.google.com/books/about/Estimation_of_a_dynamic_model_of_labor_s.html?id=UKcOHQAACAAJ
Cohort(s): Older Men
Publisher: U.S. Department of Labor
Keyword(s): Assets; Employment; Retirement; Wages

The first chapter of this report on the employment of older males provides a theoretical analysis of a dynamic labor supply model. A number of comparative dynamics results are presented, with particular emphasis placed on the labor supply effects of changes in the initial stock of assets, the level of wage rates, the rate of wage growth, and the length of the horizon. A point of special interest is the possibility that different rates of wage growth may explain a portion of differences in labor supply and retirement behavior among older men. The second chapter provides an econometric framework for estimating a dynamic labor supply model using panel data. The third chapter presents empirical results estimated on a subsample of Older Men drawn from the NLS. Included in these results are estimates of the parameters determining participation probabilities, weekly hours of work, and hourly wage rates.
Bibliography Citation
Cotterman, Robert. "Estimation of a Dynamic Model of Labor Supply: The Case of Older Males." Final Report, Assistant Secretary for Policy, Evaluation, and Research, U.S. Department of Labor, 1977.