This paper presents results from the estimation of Browning, Deaton and Irish's life-cycle household model (Econometrica 1985) with eighteen waves and 380 couples from the Panel Study of Income Dynamics. A labor supply equation is estimated for both husbands and wives. We present an econometric...

This paper presents estimates for a neo-classical life-cycle labor supply model. The wife's wage equation is jointly estimated with the wife's and husband's labor supply equations. The estimation technique captures the dynamics of the model with fixed-effects that are estimated for all...