Evers, Michiel (contributor); Mooij, Ruud A. de (contributor) - 2005
particular, denote hours worked by h, w the wage rate, Y non-labour income, x
a vector of control variables, and β a parameter … vector of the same dimension as x. Then the
hours function and the uncompensated labour supply elasticity for an individual … with
characteristics w, Y, and x read as follows:
2 Of course, non-generic time effects and endogenous switching can be …