A Simultaneous Wage and Labor Supply Model with Hours Restrictions
放松了新古典劳动供给模型的两个常见假设，引入工时限制和内生工资，利用荷兰劳动力流动调查数据估计模型，发现女性面临工时限制和非线性预算约束，模拟的工时分布比标准Tobit模型更符合实际数据。
Two common assumptions in neoclassical labor supply models are relaxed by introducing hours restrictions and endogenous wages into a labor supply model. First, we incorporate the possibility that an individual is faced with a limited availability of jobs with different, distinct, numbers of hours. Moreover, the wage rate is allowed to depend on the number of working hours. The latter implies a nonlinear budget constraint. The model is estimated for data from a Dutch labor mobility survey. The results for females suggest not only the existence of hours restrictions, but also of a nonlinear budget constraint. Including both features generates a simulated hours distribution much more in line with the actual data than does a standard Tobit model.