Abstract
This paper discusses the formulation and estimation of life-cycle models of family labour supply. The focus of this research is on the development of economically rigorous econometrically tractable models that exploit the new wealth of longitudinal data that has become available in the United States.
Keywords
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
This research was supported by NSF Grant SOC-77-27136 and a NIH Grant to the Economics Research Center/NORC.
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsPreview
Unable to display preview. Download preview PDF.
References
Ashenfelter, O. and Heckman, J. (1974), ‘The Estimation of Income and Substitution Effects in a Model of Family Labor Supply’, Econometrica 42, 73–86.
Ben-Porath, Yoram (1967), ‘The Production of Human Capital and the Life Cycle of Earnings’, JPE.
Brown, M. and Manser, M. (1979), ‘Neoclassical and Bargaining Approaches to Household Decision-Making—with an Application to the Household Labor Supply Decision’, Discussion Paper 401, Department of Economics, State University of New York at Buffalo.
Cain, G. (1966), Labor Force Participation of Married Women ( Chicago: University of Chicago Press).
Cain, G and Watts, H. (1973), Income Maintenance and Labor Supply ( Chicago: Markham Publishers).
Carlton, D. and Hall, R. (1976), ‘Distribution of Permanent Income’, unpublished manuscript, Massachusetts Institute of Technology.
Cogan, J. (1979), ‘Fixed Costs and Labor Supply’, The Rand Corporation, May 1979. Reprinted in Econometrica.
Diamond, P. and Mirrlees, J. A. (1971), ‘Optimal Taxation and Public Production: Tax Rules’, Parts 1 and 2, American Economic Review, 61 (March and June).
Ghez, Gilbert R. and Becker, Gary S. (1975), The Allocation of Time and Goods Over the Life Cycle, Human Behavior and Social Institutions, No. 6 ( New York: Columbia University Press for the NBER ).
Gronau, Reuben (1973), ‘The Effect of Children on the Housewife’s Value of Time’, in Schultz, T. W. (ed.), Economics of the Family: Marriage, Children and Human Capital ( Chicago: University of Chicago Press ), pp. 457–88.
Gronau, Reuben (1974), ‘Wage Comparisons—A Selectivity Bias’, Journal of Political Economy, 82, No. 6 (November/December), 1119–43.
Hall, R. E. (1973), ‘Wages, Income and Hours of Work in the U.S. Labor Force’, in G. Cain and H. Watts (eds), Income Maintenance and Labor Supply ( Chicago: Rand McNally ).
Hanoch, G. (1975), ‘Hours and Weeks in the Theory of Labor Supply’, May
Hanoch, G. (1975), in Smith, J. (ed.), Female Labor Supply (Princeton University Press, 1980 ).
Hanoch, G. (1976), ‘A Multivariate Model of Labor Supply: Methodology for Estimation’, RAND Corporation Paper R-1980, September
Hanoch, G. (1976) in Smith, J. (ed.), Female Labor Supply (Princeton University Press, 1980 ).
Hanoch, G. (1979), ‘A General Stategy: for Estimating Period, Cohort and Age Effects’, preprint series, Center for the Social Sciences ( New York, Columbia University Press).
Heckman, James J. (1971), ‘Three Essays on the Supply of Labor and the Demand for Goods’, PhD Thesis, Princeton University, May.
Heckman, James J. (1974), ‘The Effect of Child Care Programs on Women’s Work Effort’, Journal of Political Economy (March/April).
Heckman, James J. (1974b), ‘Life Cycle Consumption and Labor Supply: An Explanation of the Relationship Between Income and Consumption, over the Life Cycle’, American Economic Review, March.
Heckman, James J. (1974c), ‘Shadow Prices, Market Wages and Labor Supply’, Econometrica (July) 679–94.
Heckman, James J. (1978a), ‘A Partial Survey of Recent Research on the Labor Supply of Women’, American Economic Review, Papers and Proceedings, May.
Heckman, James J. (1978b), ‘Dummy Endogenous Variables in a Simultaneous Equation System’, Econometrica, 46 (July), 931–59.
Heckman, James J. (1980), ‘Sample Selection Bias as a Specification Error with An Application to the Estimation of Labor Supply Functions’, in J. Smith (ed.) Female Labor Supply: Theory and ?Estimation (Princeton University Press).
Heckman, James J. Killingsworth, M. and MaCurdy, T. (1979), ‘Recent Theoretical and Empirical Studies of Labor Supply’, presented at a conference on labour supply, Oxford University, September.
Heckman, James J. and MaCurdy, T. (1980), ‘A Life Cycle Model of Female Labor Supply’, Review of Economic Studies, January.
Homey, M. J. and McElroy, M. (1978), ‘A Nash Bargained Linear Expenditure System: The Demand for Leisure and Goods’, Duke University mimeo, June.
Kalachek, F., Mellow, F. and Raines, F. (1978), ‘The Male Labor Supply Function Reconsidered’, Industrial and Labor Relations Review, March.
Knieser, T. J. (1976), ‘An Indirect Test of Complementarity in a Family Labor Supply Model’, Econometrica, 44 (July).
Kosters, Marvin (1966), ‘Income and Substitution Effects in a Family Labor Supply Model’, RAND Corporation Paper P-3339, December.
Kosters, Marvin (1969), ‘Effects of an Income Tax on Labor Supply’, in A. C. Harberger and M. J. Bailey (eds) The Taxation of Income from Capital ( Washington, DC: Brookings Institute ).
Lewis, H. Gregg (1957), ‘Hours of Work and Hours of Leisure’, Proceedings of the Ninth Annual Meeting of the IRRA, Madison, Wisconsin, Industrial Relations Research Institute.
McFadden, D. (1976), ‘Quantal Choice: A Survey’, Annals of Economic and Social Measurement, December.
Mincer, Jacob (1962), ‘Labor Force Participation of Married Women’, in Aspects of Labor Economics, Lewis, H. Gregg (ed.), Universities-National Bureau Conference Series, No. 14 ( Princeton: Princeton University Press ).
Mirlees, J. A. (1971), ‘An Exploration in the Theory of Optimum Income Taxation’, Review of Economic Studies, 38 (April), 175–208.
Robbins, L. (1930), ‘On the Elasticity of Demand for Income in Terms of Effort’, Economica, 10 (June), 123–9.
Rosen, H. S. (1976), ‘Taxes in a Labor Supply Model with Joint Wage-Hours Determination’, Econometrica (May), 485–508.
Smith, James P. (1977), ‘Family Labor Supply Over the Life Cycle’, Explorations in Economic Research, 4, 205–76.
Smith, James P. (1979), ‘Female Labor Supply: Theory and Estimation, An Introduction’, The Rand Paper Series, P-6250, 1979, in J. Smith (ed.), Female Labor Supply, (Princeton University Press).
Wales, T. J. and Woodland, A. D. (1976), ‘Estimation of Household Utility Functions and Labor Supply Responses’, International Economic Review, 17 (June).
Wales, T. J. and Woodland, A. D. (1977), ‘Estimation of the Allocation of Time in Work,. Leisure and Housework’, Econometrica, 45 (June).
Author information
Authors and Affiliations
Editor information
Copyright information
© 1983 International Economic Association
About this chapter
Cite this chapter
Heckman, J. (1983). A Life-cycle Model of Family Labour Supply. In: Weisbrod, B., Hughes, H. (eds) Human Resources, Employment and Development. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-22741-9_17
Download citation
DOI: https://doi.org/10.1007/978-1-349-22741-9_17
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-22743-3
Online ISBN: 978-1-349-22741-9
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)