Dynamic Hours of Work Functions for Husbands, Wives, and Single Females
从不可跨期分离且随家庭人口结构变化的效用函数出发,推导工作时间方程,并利用丈夫、妻子和未婚女性的工资率、非劳动收入等数据拟合方程,检验家庭当前工作消费行为对过去的依赖关系。
Hours of work equations are derived from the constrained maximization of a utility function that is not separable over time and that varies with a household's demographic structure. These equations are fitted to observations on wage rates, nonlabor income, and other variables for husbands, wives, and unmarried women. The dependence of each household's current work and consumption behavior upon its work and consumption behavior in the past is examined closely and different interpretations of the relationship are confronted with the data.