Intertemporal Labor Supply
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Intertemporal Labor Supply
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Author : David Edward Card
language : en
Publisher:
Release Date : 1991
Intertemporal Labor Supply written by David Edward Card and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Business cycles categories.
The lifecycle labor supply model has been proposed as an explanation for various dimensions of labor supply, including movements over the business cycle, changes with age, and within-person variation over time. According to the model, all of these elements are tied together by a combination of intertemporal substitution effects and wealth effects. This paper offers an assessment of the model's ability to explain the main components of labor supply, focusing on microeconomic evidence for men.
Intertemporal Labor Supply And Human Capital Accumulation
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Author : Susumu Imai
language : en
Publisher:
Release Date : 2004
Intertemporal Labor Supply And Human Capital Accumulation written by Susumu Imai and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with categories.
We solve and estimate a dynamic model that allows agents to optimally choose their labor hours and consumption and that allows for both human capital accumulation and savings. Estimation results and simulation exercises indicate that the intertemporal elasticity of substitution is much higher than the conventional estimates and the downward bias comes from the omission of the human capital accumulation effect. The human capital accumulation effect renders the life-cycle path of the shadow wage relatively flat, even though wages increase with age. Hence, a rather flat life-cycle labor supply path can be reconciled with a high intertemporal elasticity of substitution.
Intertemporal Substitution In Labor Supply
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Author : Joseph G. Altonji
language : en
Publisher:
Release Date : 1984
Intertemporal Substitution In Labor Supply written by Joseph G. Altonji and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with Consumption (Economics) categories.
Intertemporal Labor Supply
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Author : David Card
language : es
Publisher:
Release Date : 1991
Intertemporal Labor Supply written by David Card and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with categories.
Testing Whether Intertemporal Labor Supply Is Determined Between Jobs
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Author : Sarah Senesky
language : en
Publisher:
Release Date : 2001
Testing Whether Intertemporal Labor Supply Is Determined Between Jobs written by Sarah Senesky and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with categories.
Intertemporal Labor Supply And Intra Household Commitment
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Author : Pierre-André Chiappori
language : en
Publisher:
Release Date : 2019
Intertemporal Labor Supply And Intra Household Commitment written by Pierre-André Chiappori and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
This paper adopts an intertemporal labor supply perspective to propose a test that allows us to distinguish between intra-household non-commitment, limited commitment, and full commitment. It investigates whether, after controling for current and future (expected) wages, past wage shocks have a lasting and significant impact on present labor supply and public consumption. Using a semi-log parametrization of labor supply and data from the Panel Study of Income Dynamics for the US, the paper shows positive evidence in favor of the limited commitment model. Specifically, unexpected past wage shocks affect labor supply in exactly the way predicted by theory, as spouses' past wage deviations have a negative impact on their labor supply and a positive impact on their spouses'. In addition, wives' past wage shocks also impact negatively household public expenditure on housing.
Anticipated And Unanticipated Wage Changes Wage Risk And Intertemporal Labour Supply
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Author : Luigi Pistaferri
language : en
Publisher:
Release Date : 2002
Anticipated And Unanticipated Wage Changes Wage Risk And Intertemporal Labour Supply written by Luigi Pistaferri and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Employment (Economic theory) categories.
Intertemporal Labor Supply And Long Term Employment Contracts
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Author : John M. Abowd
language : en
Publisher:
Release Date : 1986
Intertemporal Labor Supply And Long Term Employment Contracts written by John M. Abowd and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986 with Labor contract categories.
In this paper we compare the implications of a symmetric information contracting model and a dynamic labor supply model for changes in individual earnings and hours over time. The critical distinction between these models is whether earnings represent optimal consumption or payment for current labor services. We develop a simple test between labor supply and contracting models based on the relative variability of earnings and hours with respect to changes in productivity. If earnings represent consumption then changes in productivity generate smaller changes in earnings than hours. The opposite is true in the labor supply model. We apply our test to longitudinal data on male household heads fran the Panel Study of Income Dynamics and the National Longitudinal Survey of Older Men, focusing on individuals who do not change employers during the survey period. Neither model fits the data well. In both surveys, however, the contrihition of changes in productivity to changes in earnings is greater than the contribution to changes in hours. The data are more consistent with a labor supply interpretation, although the estimated labor supply elasticities suggest that changes in hours occur at fixed wage rates
Sectoral Shocks Unemployment And Intertemporal Labor Supply
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Author : John C. HAM
language : en
Publisher:
Release Date : 1998
Sectoral Shocks Unemployment And Intertemporal Labor Supply written by John C. HAM and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with categories.
Intertemporal Labor Supply
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Author : Jose Alberto Molina
language : en
Publisher:
Release Date : 2018
Intertemporal Labor Supply written by Jose Alberto Molina and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
This paper proposes an extension of the collective model for labor supply developed by Chiappori, Fortin and Lacroix (2002) to an intertemporal setting. We first develop a theoretical model to analyze the intra-household distribution of wealth in a multi-period framework, with a focus on labor supply and marriage markets. The model allows us to derive a sharing rule for non-labor income under a set of testable conditions. Second, using data from the Panel Study of Income Dynamics from years 1997 to 2015, we estimate the model using a semi-log parametrization of labor supply. Our empirical results do not reject the restrictions of the model, and point to the validity of the collective framework in an intertemporal setting. We show that wages are positively related to household labor supply, although cross and lagged effects show negative correlates. Furthermore, the ability of wives to negotiate the intra-household allocation of non-labor income is mainly driven by wages, with wives behaving altruistically, and husbands egoistically. Sex ratios appear to be nonsignificant in this relationship, although counteracting effects between labor and marriage markets may influence estimates.