Modelling and Empirical Evaluation of Labour Supply Behaviour

Emphasis on Preference Formation, Job Characteristics and Hours Restrictions

Häftad, Engelska, 1991

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This study deals with modelling of neoclassical labour supply models for one-adult and two-adult households. A standard labour supply model is presented and estimated on Dutch data from 1985. A modification of the standard model is formulated, taking explicit account of nonconvexities in the budget set, related to the Dutch social security and welfare system. Habit formation and interdependent preferences are analyzed and a structural model of job choice, labour supply and wages is developed by incorporating nonpecuniary job characteristics into a utility maximization model. A full simultaneous model of labour supply in wage determination is estimated, based on the premise that individuals are faced with a limited availability of jobs. This microeconomics, econometrics and labour economics study is intended for the use of researchers.

Produktinformation

Utgivningsdatum1991-06-26
Mått170 x 242 x undefined mm
Vikt425 g
FormatHäftad
SpråkEngelska
SerieStudies in Contemporary Economics
Antal sidor232
FörlagSpringer-Verlag Berlin and Heidelberg GmbH & Co. KG
ISBN9783540540540

Tillhör följande kategorier

Mikroekonomi inom Ekonomi och ledarskap

1. Introduction.- 2 A simple neoclassical model of labour supply.- 2.1 Introduction.- 2.2 The model specification for one-adult households.- 2.3 The model specification for two-adult households.- 2.4 Data.- 2.5 Estimation results.- 2.6 Concluding remarks.- 2A Wage equations.- 2B A reduced form estimation of single male labour supply.- 2C Derivation of the standard errors of elasticities.- 3 The social security and welfare system and institutional constraints.- 3.1 Introduction.- 3.2 A nonconvex budget set.- 3.3 The use of preferred hours.- 3.4 Estimation results.- 3.5 Concluding remarks.- 3A Likelihood contributions.- 4 Preference interdependence and habit formation.- 4.1 Introduction.- 4.2 A labour supply model with preference formation.- 4.3 Estimation results.- 4.4 A factor analytic model of reference groups.- 4.5 The labour supply model reestimated.- 4.6 Conclusion.- 4A Social group means.- 4B Identification.- 4C Stability.- 4D Correlation matrices of indicators.- 5 Job characteristics.- 5.1 Introduction.- 5.2 The model.- 5.3 Empirical results.- 5.4 Conclusion.- 5A Derivation of the reduced form.- 5B The likelihood function.- 6 Hours restrictions.- 6.1 Introduction.- 6.2 The model.- 6.3 Estimation results.- 6.4 Conclusion.- 6A The expression for ejk and the likelihood function.- 7 Comparison of several models.- 7.1 Introduction.- 7.2 Two-sample tests.- 7.3 ?2 diagnostic tests.- 7.4 Concluding remarks.- 7A Partitioning of the endogenous variable.- 8 Conclusion.- References.