Keane, M. P.; Sauer, R. M. - Centre for Household, Income, Labour and Demographic … - 2008
Two key issues in the literature on female labor supply are: (1) if persistence in employment status is due to unobserved heterogeneity or state dependence, and (2) if fertility is exogenous to labor supply. Until recently, the consensus was that unobserved heterogeneity is very important, and...