Search Results
Title: Measurement Error and the Estimation of Labor Supply Functions from Panel Data
Resulting in 1 citation.
| 1. |
Carliner, Geoffrey |
|
Measurement Error and the Estimation of Labor Supply Functions from Panel Data Mimeo, University of Western Ontario, 1988 Cohort(s): Older Men Publisher: unknown Keyword(s): Family Income; Husbands, Income; Wives, Income Permission to reprint the abstract has not been received from the publisher. A model in which the household's utility depends on the level of the composite good produced in each period with inputs of husband's and wife's home time and market goods is developed. Given the full wealth budget constraint, two wage elasticities are derived. The elasticity of an individual's labor supply with respect to a one period change in his own wage includes substitution in consumption across periods, substitution of his home time for other inputs to household production within the period, and a small wealth effect. The labor supply elasticity with respect to a permanent change in the wage in all periods includes only within period substitution and a large wealth effect. Thus the temporary elasticity is predicted to be more positive than the permanent wage elasticity, and presumably larger than zero. |
|
|
Bibliography Citation
Carliner, Geoffrey. "Measurement Error and the Estimation of Labor Supply Functions from Panel Data." Mimeo, University of Western Ontario, 1988. |