Borrowing Constraints, Occupational Choice, and Labor Supply
在生命周期劳动供给理论中引入借贷约束，解释了消费、收入和工时随年龄变化的典型特征，以及不同初始财富、婚姻状况或能力的人在职业选择上的差异，并形式化了男女劳动力行为的差异。
The authors introduce borrowing constraints into the life-cycle theory of labor supply and show that they account for observed profiles in consumption, earnings, and hours worked. They can also account for differences in occupational choice across individuals who differ in initial wealth, marital status, or ability. This formalizes several aspects of observed differences in the labor-force behavior of men and women. Copyright 1990 by University of Chicago Press.