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Title: The Determination of Labor Supply: A Dynamic Model
Resulting in 1 citation.
1. Kalachek, Edward
Raines, Fredric Q.
Larson, Donald
The Determination of Labor Supply: A Dynamic Model
Industrial and Labor Relations Review 32,3 (April 1979): 367-737.
Also: http://www.jstor.org/stable/2522266
Cohort(s): Older Men
Publisher: Cornell University Press
Keyword(s): Family Background; Health/Health Status/SF-12 Scale; Work Attitudes; Work Hours

This paper specifies a model of labor supply change to test the sensitivity of static results and estimate the speed of labor supply response to discrepancies between actual and desired hours of work. Employing data from the 1966, 1969 and 1973 waves of the NLS of Older Men, the authors find that workers respond rapidly to changes in desired labor supply, fully adjusting actual hours within a two-year interval, but that pre-existing labor supply disequilibrium is liquidated more slowly. The authors infer that institutional constraints on hours are of limited importance but those imposed by area- or industry- specific demand fluctuations are of more importance.
Bibliography Citation
Kalachek, Edward, Fredric Q. Raines and Donald Larson. "The Determination of Labor Supply: A Dynamic Model." Industrial and Labor Relations Review 32,3 (April 1979): 367-737.