Abstract

Because of the interdependent nature of family labor supply decisions, the nonnegativity constrai nt on women's hours of work will spill over into other consumption an d labor supply decisions of the family. Here the author develops an e conometric model of family labor supply that captures this spillove r, while addressing the usual censoring issues as well. The model i s based on a flexible direct utility function and permits unobservabl e differences in tastes. The model is estimated by the maximum likeli hood method on a sample of about 1,200 families from the Panel Study of Income Dynamics. Copyright 1987 by MIT Press.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call