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Title: Static and Dynamic Labor Supply Functions
Resulting in 1 citation.
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Kalachek, Edward Raines, Fredric Q. |
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Static and Dynamic Labor Supply Functions Final Report, Employment and Training Administration, U.S. Department of Labor, 1978 Cohort(s): Older Men Publisher: U.S. Department of Labor Keyword(s): Employment; Layoffs; Leisure; Quits; Unemployment; Unions; Wages; Work Attitudes Data from the NLS of Older Men are used to examine the determinants of wage differences, labor supply and labor supply change. The analysis stresses the distinction between the permanent and transitory components of wages, and differential responses to these coefficients. Findings include: (1) personality, attitudinal and psychological characteristics affect wages; (2) workers with the same human capital receive substantially different wages; (3) this difference affects quits, layoffs, the duration of unemployment and hiring standards; (4) labor supply responds positively to the permanent and negatively to the transitory component of wages; (5) the use of measured wages in labor supply regressions leads to misleading results; and (6) workers adjust labor input rapidly when their leisure-income choices alter. |
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Bibliography Citation
Kalachek, Edward and Fredric Q. Raines. "Static and Dynamic Labor Supply Functions." Final Report, Employment and Training Administration, U.S. Department of Labor, 1978. |