English, Article, Journal or magazine article edition: Does Labor Supply Explain Fluctuations in Average Hours Worked? Joshua D. Angrist

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Bookmark: http://trove.nla.gov.au/version/140306
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Does Labor Supply Explain Fluctuations in Average Hours Worked?
Author
  • Joshua D. Angrist
Physical Description
  • preprint
Notes
  • Economists have long debated over what labor supply has to do with fluctuations in hours worked. This paper uses a time series of cross-sections from the 1964-88 Current Population Surveys to study whether microeconomic intertemporal substitution models can explain time series fluctuations in annual averages. Conditional on a parametric trend, labor supply equations fit the 1975-87 data remarkably well. But estimates for 1963-74 are not robust, and estimated labor supply elasticities are much lower in the earlier period.
  • RePEc:nbr:nberwo:3312
Language
  • English
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