The Intertemporal Substitution Model of Labor Supply in an Open Economy
نویسندگان
چکیده
منابع مشابه
Labour supply and intertemporal substitution
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...
متن کاملElasticity of Intertemporal Substitution: An Investigation in Iran
We[1] present estimates of the Elasticity of Intertemporal Substitution (EIS) for Iranian households using synthetic cohort panels based on household micro-data. Results show significant difference with the common values used in Dynamic Stochastic General Equilibrium (DSGE) models which are originally based on estimated values for developed countries. We show that this difference has important ...
متن کاملIntertemporal Labor Supply and Human Capital Accumulation ∗
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...
متن کاملIntertemporal 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...
متن کاملIntertemporal Substitution or Reference-Dependent Preferences? Evidence from Daily Labor Supply of South Indian Boat-owners
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...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2001
ISSN: 1556-5068
DOI: 10.2139/ssrn.252428