Structural Models of Family Labor Supply: A Discrete Choice Approach
Year: 1995
Type: article
Abstract: A static neoclassical structural model is presented, explaining labor supply of both spouses in two adults households. Family preferences are described with a direct translog utility function, with the husband's leisure, the wife's leisure, and family income as its arguments. We assume that the choice set of each family is finite. Account is taken of the Dutch tax and benefits system. We allow for hours restrictions and random preferences, and account for unobserved wages of nonworkers. The models are estimated using smooth simulated maximum likelihood. Results based upon Dutch cross-section data from 1987 are illustrated by confidence intervals for elasticities, and by several policy simulations.
Source: The Journal of Human Resources
DOI: 10.2307/146191
Author: Arthur van Soest
Institution: Tilburg University
Language: English
Subfield: Gender Studies
Field: Social Sciences
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2122794781