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The paper derives analytical transitions probabilities following an exogenous shock to the deterministic component in the conditional logit model. The solution draws on the postestimation distribution of the model’s stochastic component, identified on the basis of a direct utility maximization...
Persistent link: https://www.econbiz.de/10005822654
The paper derives analytical transitions probabilities following an exogenous shock to the deterministic component in the conditional logit model. The solution draws on the postestimation distribution of the model's stochastic component, identified on the basis of a direct utility maximization...
Persistent link: https://www.econbiz.de/10013319505
simulation exercise presents evidence that the elimination of the spouse allowance can raise participation of wives at age 62 by …
Persistent link: https://www.econbiz.de/10010261564
We evaluate price subsidies and tax credits for child care. We focus on partnered women's labor supply, household income and welfare, demand for formal and informal child care and government expenditure. Using Australian data, we estimate a joint, discrete structural model of labor supply and...
Persistent link: https://www.econbiz.de/10010284024
We evaluate price subsidies and tax credits for child care. We focus on partnered women's labor supply, household income and welfare, demand for formal and informal child care and government expenditure. Using Australian data, we estimate a joint, discrete structural model of labor supply and...
Persistent link: https://www.econbiz.de/10009548120
simulation exercise presents evidence that the elimination of the spouse allowance can raise participation of wives at age 62 by …
Persistent link: https://www.econbiz.de/10013319821
In this paper we develop a dynamic structural life-cycle model of labor supply behavior which fully accounts for the effect of income tax and transfers on labor supply incentives. Additionally, the model recognizes the demand side driven rationing risk that might prevent individuals from...
Persistent link: https://www.econbiz.de/10013325238
This paper extends existing work on labor force participation dynamics by distinguishing between full-time and part-time employment and allowing unobserved heterogeneity in the effects of previous employment outcomes, children and education on employment dynamics. The results reveal significant...
Persistent link: https://www.econbiz.de/10010269788
This paper extends existing work on labor force participation dynamics by distinguishing between full-time and part-time employment and allowing unobserved heterogeneity in the effects of previous employment outcomes, children and education on employment dynamics. The results reveal significant...
Persistent link: https://www.econbiz.de/10003958927
-time jobs). The most common use of these models is the simulation of tax-transfer reforms. The simulation is usually interpreted … simulation procedure, however, typically keeps fixed the estimated alternative-specific constants. In this note we argue that … development of a simulation procedure consistent with the comparative static interpretation. The procedure is illustrated with an …
Persistent link: https://www.econbiz.de/10009154578