Economics 816: Dynamic Labor Supply
Topics Discussed in Class:
- Heckman and MaCurdy's Constant Marginal Utility Model
- Retirement
- Examples of Structural Dynamic Models
Notes
Homework 2
Homework 2a
Readings Discussed in Class (in order of discussion):
- Heckman, James, and Thomas MaCurdy (1980). "A Dynamic Model of Female
Labor Supply." Review of Economic Studies. 47(1): 47-74.
- Berkovec, James and Steven Stern (1991). "Job Exit Behavior of
Older Men." Econometrica. 59(1): 189-210.
- Wolpin, Kenneth (1992). "The Determinants of Black-White Differences
in Early Employment Careers: Search, Layoffs, Quits, and Endogenous Wage
Growth." Journal of Political Economy. 100(3): 535-560.
Extra readings
- Gustman, Alan and Thomas Steinmeier (1986). "A Structural Retirement
Model." Econometrica. 54(3): 555-584.
- Heckman, James, and Robert Willis (1977). "A Beta Logistic Model for the
Analysis of Sequential Labor Force Participation by Married Women."
Journal of Political Economy. 85(1): 27-58.
- MaCurdy, Thomas (1981). "An Empirical Model of Labor Supply in a
Life Cycle Setting." Journal of Political Economy. 89(6): 1059-1085.
- Miller, Robert (1984). "Job Matching and Occupational Choice."
Journal of Political Economy. 92(6): 1086-1120.
- Stock, James, and David Wise (1990). "Pensions, the Option Value of
Work, and Retirement." Econometrica. 58(5): 1151-1180.
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