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Title:The Predictive Value of Subjective Labour Supply Data: A Dynamic Panel Data Model with Measurement Error PDF Logo
Authors:Euwals, Rob
Issue Date:2001
Series/Report no.:IZA Discussion paper series 400
Abstract:This paper tests the predictive value of subjective labour supply data for adjustments in working hours over time. The idea is that if subjective labour supply data help to predict next year?s working hours, such data must contain at least some information on individual labour supply preferences. This informational content can be crucial to identify models of labour supply. Furthermore, it can be crucial to investigate the need for, or, alternatively, the support for laws and collective agreements on working hours flexibility. In this paper I apply dynamic panel data models that allow for measurement error. I find evidence for the predictive power of subjective labour supply data concerning desired working hours in the German Socio- Economic Panel 1988-1996.
Subjects:Labour supply
subjective data
measurement error
dynamic panel data models
JEL:C23
J22
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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