The Effect of Work Experience on Female Wages and Labour Supply
开发了一种半参数估计方法,利用面板数据研究人力资本和时间不可分偏好对女性劳动供给的影响,发现工作经验会提高未来工资,而过去的非工作时间直接影响当前效用。
This paper develops and implements a semiparametric estimator for investigating, with panel data, the importance of human capital and time nonseparable preferences to females when aggregate shocks are present. It provides a set of conditions for making statistical inferences about agents' expectations of their correlated future choices, from a short panel. Under the assumption that observed allocations are Pareto optimal, a dynamic model of female labour supply and participation is estimated, in which experience on the job raises future wages, and time spent off the job in the past directly affects current utility (or, indirectly through productivity in the nonmarket sector).