Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/18091
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dc.contributor.authorHaan, Peteren_US
dc.date.accessioned2009-01-28T15:39:19Z-
dc.date.available2009-01-28T15:39:19Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/18091-
dc.description.abstractEstimating labor supply functions using a discrete rather than a continuous specification hasbecome increasingly popular in recent years. On basis of the German Socioeconomic Panel(GSOEP) I test which specification of discrete choice is the appropriate model for estimatinglabor supply: the standard conditional logit model or the random coefficient model. To theextent that effect heterogeneity is present in empirical models of labor supply functions, theapplication of a random coefficient model is necessary to avoid biased estimates. However,because of the complex structure, random coefficient models defy calculating confidence intervalsof marginal effects or elasticities. Therefore, if heterogeneity is nonexistent or does notlead to a significant bias in the derived labor supply elasticities, standard discrete choice modelsprovide the more favorable choice. Due to their simple structure, conditional logit modelsare far less computational intensive providing standard tools to calculate confidence intervalsof elasticities. My findings suggest that effect heterogeneity is present when estimating a discretechoice model of labor supply drawing on data of the GSOEP. However, the labor supplyelastisities derived form the specifications with and without random effects do not differ significantly.That leads to the conclusion that the standard discrete choice model, attractive forits simple structure, provides an adequate model choice for the analysis of labor supply functionsbased on the GSOEP.en_US
dc.language.isoengen_US
dc.publisher|aDeutsches Institut für Wirtschaftsforschung (DIW) |cBerlinen_US
dc.relation.ispartofseries|aDIW Discussion Papers |x394en_US
dc.subject.jelC52en_US
dc.subject.jelJ22en_US
dc.subject.jelC25en_US
dc.subject.ddc330en_US
dc.subject.keywordlabor supplyen_US
dc.subject.keyworddiscrete choice modelsen_US
dc.subject.keywordspecification testen_US
dc.subject.stwArbeitsangeboten_US
dc.subject.stwMikroökonometrieen_US
dc.subject.stwSchätzungen_US
dc.subject.stwDeutschlanden_US
dc.titleDiscrete Choice Labor Supply : Conditional Logit vs. Random Coefficient Modelsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn381835510en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:diw:diwwpp:dp394en_US

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