Estimating Intertemporal Labour Supply Elasticities Using Structural Model
利用密歇根收入动态面板数据，在效用最大化约束下估计跨期替代弹性和不同工资曲线的影响，发现跨期替代弹性较低，与以往研究一致。
In this paper, the author proposes empirical models where both the intertemporal substitution elasticity and the elasticities measuring the impact of different wage profiles are estimated taking into account the restrictions derived from utility maximization. She considers models assuming a Stone Geary utility function and also a constant elasticity of substitution across periods function. The data used are a sample of men from the Michigan Panel of Income Dynamics. Her estimates support the low intertemporal substitution elasticity found in previous studies. The estimates for the uncompensated elasticities are also small. Copyright 1989 by Royal Economic Society.