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Title: The Male Labor Supply Function Reconsidered
Resulting in 1 citation.
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Kalachek, Edward Mellow, Wesley Raines, Fredric Q. |
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The Male Labor Supply Function Reconsidered Industrial and Labor Relations Review 31,3 (April 1978): 356-367. Also: http://www.jstor.org/stable/2522907 Cohort(s): Older Men Publisher: Cornell University Press Keyword(s): Health/Health Status/SF-12 Scale; Household Income; Unemployment; Wages; Work Attitudes The failure to achieve an adequate theoretical grounding for either the wage or the labor supply concept partly accounts for the wide variety of results yielded by econometric investigations of the labor supply function based on individual households. The theoretical background can be supplied by decomposing wages into permanent and transitory components and by expanding labor supply to include unemployment time. Data from the National Longitudinal Survey was used to examine the labor supply function for older males and findings suggest that prior labor supply studies are irrelevant for assessing the impact of public policy proposals. An exaggerated emphasis appears to have been placed on the position of the budget line. This emphasis does not reflect the parameters affecting labor supply decisions. Labor supply variation derives less from wage variations than from variations in attitudes, health, and demographic factors. Unemployment time for mature males is also actually desired work time and must be considered as such when examining policy issues. |
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Bibliography Citation
Kalachek, Edward, Wesley Mellow and Fredric Q. Raines. "The Male Labor Supply Function Reconsidered." Industrial and Labor Relations Review 31,3 (April 1978): 356-367.
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