An Empirical Model of Labor Supply in a Life-Cycle Setting
构建并估计了一个结构性跨期劳动供给模型,利用生命周期行为理论推导出跨期和未补偿替代效应,以预测工作时间对工资增长和工资路径变化的反应。
This paper formulates and estimates a structural intertemporal model of labor supply. Using theoretical characterizations derived from an economic model of lifetime behavior, a two-step empirical analysis yields estimates of intertemporal and uncompensated substitution effects which provide the information needed to predict the response of hours of work to life-cycle wage growth and shifts in the lifetime wage path.