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Title: Shadow Prices, Market Wages, and Labor Supply
Resulting in 1 citation.
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Heckman, James J. |
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Shadow Prices, Market Wages, and Labor Supply Econometrica 42,4 (July 1974): 679-694. Also: http://www.jstor.org/stable/1913937 Cohort(s): Mature Women Publisher: Department of Economics, Northwestern University Keyword(s): Children; Husbands, Income; Schooling; Wages; Wages, Reservation; Wives; Work History Permission to reprint the abstract has not been received from the publisher. This paper develops a model which generates the probability that a woman works, her hours of work, her asking wage, and her offered wage from a common set of parameters. These parameters allow for estimation of the value of time for non-working women, and the wage rates they would face in the market. A method of estimating these parameters is proposed and applied. |
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Bibliography Citation
Heckman, James J. "Shadow Prices, Market Wages, and Labor Supply." Econometrica 42,4 (July 1974): 679-694.
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