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Title: The Estimation of a Joint Wage-Hours Labor Supply Model
Resulting in 1 citation.
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Moffitt, Robert A. |
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The Estimation of a Joint Wage-Hours Labor Supply Model Journal of Labor Economics 2,4 (October 1984): 550-566. Also: http://www.jstor.org/stable/2534814 Cohort(s): Mature Women Publisher: University of Chicago Press Keyword(s): Employment; Endogeneity; Labor Supply; Part-Time Work; Wages In this paper the standard cross-sectional static model of labor supply is modified to make the wage endogenous, and a joint wage-hours model is estimated. The econometric technique addresses the nonlinearity of the budget constraint by approximating the constraint by a series of discrete points. The results show that the budget constraint is indeed nonlinear, that hours affect the wage quadratically, that true wage elasticities are lower as a result, and that the model fits the hours distribution much better than the standard Tobit model. |
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Bibliography Citation
Moffitt, Robert A. "The Estimation of a Joint Wage-Hours Labor Supply Model." Journal of Labor Economics 2,4 (October 1984): 550-566.
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