Economics 816: Static Labor Supply
Topics Discussed in Class:
- Basic Model of Labor Supply
- Complications Due to Kinks in Budget Set
- Selection Bias
- Kinked Budget Set Estimation
Notes
Homework 1
Homework 1a
Readings Discussed in Class (in order of discussion):
- Deaton, Angus, and John Muellbauer (1980). Economics and Consumer
Behavior. Cambridge University Press.
- Heckman, James (1974). "Shadow Prices, Market Wages, and Labor Supply."
Econometrica. 42(4): 679-694.
- Heckman, James (1979). "Sample Selection Bias as a Specification Error."
Econometrica. 47(1): 153-161.
- Mroz, Thomas (1987). "The Sensitivity of an Empirical Model of
Married Women's Hours of Work to Economic and Statistical Assumptions."
Econometrica. 55(4): 765-799.
- Stern, Steven (1996). "Semiparametric Estimates of the Supply and
Demand Effects of Disability on Labor Force Participation." Journal of
Econometrics. 71(1): 49-70.
- Hausman, Jerry, (1981). "Labor Supply." in How Taxes Affect Economic
Behavior. (eds.) H. Aaron and J. Pechman. Brookings Institution.
Extra readings
- Becker, Gary (1965). "A Theory of the Allocation of Time." Economic
Journal. 75: 493-517.
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