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Labor supply models: unobserved heterogeneity, nonparticipation and dynamics

Blundell, R.; MaCurdy, T.; Meghir, C.; (2007) Labor supply models: unobserved heterogeneity, nonparticipation and dynamics. In: Heckman, J. and Leamer, E., (eds.) Handbook of Econometrics: Volume 6A. (pp. 4667-4771). Elsevier: Amsterdam, The Netherlands. Green open access

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Abstract

This chapter is concerned with the identification and estimation of models of labor supply. The focus is on the key issues that arise from unobserved heterogeneity, nonparticipation and dynamics. We examine the simple ‘static’ labor supply model with proportional taxes and highlight the problems surrounding nonparticipation and missing wages. The difference in differences approach to estimation and identification is developed within the context of the labour supply model. We also consider the impact of incorporating nonlinear taxation and welfare programme participation. Family labor supply is looked at from botht e unitary and collective persepctives. Finally we consider intertemporal models focusing on the difficulties that arise with participation and heterogeneity.

Type: Book chapter
Title: Labor supply models: unobserved heterogeneity, nonparticipation and dynamics
ISBN-13: 9780444506313
Open access status: An open access version is available from UCL Discovery
Publisher version: http://www.elsevier.com/wps/find/bookdescription.c...
Language: English
UCL classification: UCL > School of Arts and Social Sciences > Faculty of Social and Historical Sciences > Economics
URI: http://discovery.ucl.ac.uk/id/eprint/15872
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