Intertemporal Substitution in Labor Supply: Evidence from Micro Data
نویسندگان
چکیده
منابع مشابه
Intertemporal substitution, weekly target earnings or both? Evidence from daily labor supply of Southern Indian Fishermen
We study the labor supply behavior of 279 South Indian shermen using daily data on labor force participation and individual value of catches from 2000 to 2007. There exist two labor supply approaches with di¤erent policy implications. On the one hand, intertemporal substitution implies that workers substitute labor for leisure when wages are temporary higher. On the other hand, target-earnings...
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We study the labor supply of South Indian boat-owners using daily data on labor force participation and the value of catches from 2000 to 2007. Our panel is among the most extensive ever used for this purpose and the rst to pertain to a non-service related occupation in a developing country. Our analysis compares two hypotheses about the response of labor supply to increases in wages and incom...
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This paper concerns the estimation of an intertemporal model for labour supply and consumption that recognises the presence of nonworkers and which is cast in a structural optimising framework that allows for uncertainty. Through the utilisation of a micro-data source that measures consumption and labour supply we are able to estimate a flexible preference model which incorporates comer solutio...
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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 accu...
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ژورنال
عنوان ژورنال: Journal of Political Economy
سال: 1986
ISSN: 0022-3808,1537-534X
DOI: 10.1086/261403