Identifying interdependent behaviour in an empirical model of labour supply
检验个体工作时间选择是否受社会参照组平均工作时间影响,利用1973、1980、1990年截面数据支持相互依赖假说,并指出忽视该效应会低估税改对劳动供给的影响。
In this paper we test a particular form of interdependent behaviour, namely the hypothesis that individuals' choices of hours of work are influenced by the average hours of work in a social reference group. There are problems in empirically disentangling the effects of interdependent behaviour and preference variation across groups. We show that panel data or data from several points in time are needed. In the empirical analysis we combine cross-section data from 1973, 1980, and 1990. Our results support the hypothesis of interdependent behaviour. The implication is that conventional tax policy predictions, in which preference interdependencies are neglected, will tend to underestimate the effect of a tax reform on hours of work. Our point estimates suggest that conventional calculations would capture only about a third of the actual change in hours of work. Copyright © 1999 John Wiley & Sons, Ltd.