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Cited by 820

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An Empirical Model of Labor Supply in a Life-Cycle Setting

MaCurdy, Thomas E.·1981·Journal of Political Economy

Abstract

This paper formulates and estimates a structural intertemporal model of labor supply. Using theoretical characterizations derived from an economic model of lifetime behavior, a two-step empirical analysis yields estimates of intertemporal and uncompensated substitution effects which provide the information needed to predict the response of hours of work to life-cycle wage growth and shifts in the lifetime wage path.

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Metadata

Authors
MaCurdy, T. E.
Venue
Journal of Political Economy
Published
1981-12
Volume
89
Issue
6
Pages
1059-1085
ISSN
  • 0022-3808 (ISSN-L)
  • 1537-534X
OpenAlex
W1964506806
Cited by
820
References
0
FWCI
23.67
Type
journal article
Language
en
Open access
closed

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