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We present identification and estimation results for the “collective” model of labour supply in which there are discrete choices, censoring of hours and nonparticipation in employment. We derive the collective restrictions on labour supply functions and contrast them with restrictions...
Persistent link: https://www.econbiz.de/10010293004
In this paper we develop the collective labour supply framework to allow for corner solutions and nonparticipation in employment.We derive conditions for the complete non parametric identification of individual preferences.We extend our results to allow for unobserved heterogeneity and show...
Persistent link: https://www.econbiz.de/10005509520
A model is developed that allows for a layoff rate and a job arrival rate in the intertemporal choice of consumption and labor market state. The identification of such a model is established without recourse to dynamic programming solutions and the minimum data requirements for estimation are...
Persistent link: https://www.econbiz.de/10005727605