Improving the modeling of couples' labour supply
Breunig, Robert; Cobb Clark, Deborah A; Gong, Xiaodong
Description
We study the work hours of Australian couples, using a neoclassical labour-supply model in which couples choose from a small, realistic set of possible wife-husband working hour combinations. We introduce three improvements to this standard model. First, we allow partners' preferences about non-market time to be correlated. We also correct the estimates to accunt for the fact that we estimate the non-observable wage rates of individuals who do not work. Lastly, we allow each individual's...[Show more]
Collections | ANU Research Publications |
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Date published: | 2005 |
Type: | Working/Technical Paper |
URI: | http://hdl.handle.net/1885/43045 http://digitalcollections.anu.edu.au/handle/1885/43045 |
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File | Description | Size | Format | Image |
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DP499.pdf | 383.08 kB | Adobe PDF | ![]() |
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