Labor supply and intertemporal substitution

Richard Blundell; Costas Meghir; Pedro Neves

doi:10.1016/0304-4076(93)90043-5

Labor supply and intertemporal substitution

Richard Blundell
, Costas Meghir
, Pedro Neves

Research output: Contribution to journal › Article › peer-review

44 Citations (Scopus)

Abstract

This paper concerns the estimation of an intertemporal model for labour supply and consumption that recognises the presence of nonworkers and which is cast in a structural optimising framework that allows for uncertainly. Through the utilisation of a micro-data source that measures consumption and labour supply we are able to estimate a flexible preference model which incorporates corner solutions and uncertainty.

Original language	English
Pages (from-to)	137-160
Number of pages	24
Journal	Journal of Econometrics
Volume	59
Issue number	1-2
DOIs	https://doi.org/10.1016/0304-4076(93)90043-5
Publication status	Published - Sept 1993

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title = "Labor supply and intertemporal substitution",

abstract = "This paper concerns the estimation of an intertemporal model for labour supply and consumption that recognises the presence of nonworkers and which is cast in a structural optimising framework that allows for uncertainly. Through the utilisation of a micro-data source that measures consumption and labour supply we are able to estimate a flexible preference model which incorporates corner solutions and uncertainty.",

author = "Richard Blundell and Costas Meghir and Pedro Neves",

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AB - This paper concerns the estimation of an intertemporal model for labour supply and consumption that recognises the presence of nonworkers and which is cast in a structural optimising framework that allows for uncertainly. Through the utilisation of a micro-data source that measures consumption and labour supply we are able to estimate a flexible preference model which incorporates corner solutions and uncertainty.

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Labor supply and intertemporal substitution

Abstract

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