Female labor supply with a discontinuous, nonconvex budget constraint: Incorporation of a part-time/full-time wage differential

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Abstract
  • This paper incorporates the well-documented part-time/full-time wage differential into an empirical labor supply model with both a heterogeneity- and a random-error term and estimates that model for women in the United States. Incorporation of the part-time/full-time wage differential results in a unique discontinuous, nonconvex budget set, and the consideration of estimation procedures previously unconfronted in the nonlinear budget constraint literature. The full structural representation of the budget constraint is shown to ''fit'' better than the alternative models estimated, and to yield a predicted hours distribution representative of actual hours.
TitleFemale labor supply with a discontinuous, nonconvex budget constraint: Incorporation of a part-time/full-time wage differential
CreatorHotchkiss, J. L.
Averett, Susan
PublisherReview of Economics and Statistics
Academic DepartmentEconomics
DivisionSocial Sciences
OrganizationLafayette College
Date IssuedAugust 1997
Date Available2012-05-31T19:25:54Z
TypeArticle
LanguageEnglish
Bibliographic CitationAverett S. and J. L. Hotchkiss. (1997) "Female labor supply with a discontinuous, nonconvex budget constraint: Incorporation of a part-time/full-time wage differential." Review of Economics and Statistics 79 (3): 461-470.
Standard IdentifierDOI 10.1162/003465300556878
Handle 10385/986
Permalinkhttp://hdl.handle.net/10385/986
Rights Statement In Copyright In Copyright
Rights HoldersMassachusetts Institute of Technology
President and Fellows of Harvard College
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