Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/192463 
Erscheinungsjahr: 
2006
Schriftenreihe/Nr.: 
Discussion Papers No. 481
Verlag: 
Statistics Norway, Research Department, Oslo
Zusammenfassung: 
In this paper, we discuss aspects of a particular framework for modeling labor supply and the application of this approach in practical policy simulation experiments. This modeling framework differs from the standard models of labor supply in that the notion of job choice is fundamental. Specifically, the worker is assumed to have preferences over a latent worker-specific choice set of jobs from which he or she chooses his or her preferred job. A job is characterized with fixed (job-specific) working hours and other non-pecuniary attributes. As a result, observed hours of work are interpreted as the job-specific (fixed) hours of work that is associated with the chosen job. We then show that our framework is practical with respect to applications in empirical analysis and simulation experiments, and is able to produce satisfactory out-of-sample predictions by estimating the model on Norwegian microdata from 1997 and predicting the corresponding microdata from 2003.
Schlagwörter: 
Labor supply
non-pecuniary job attributes
non-convex budget sets
latent choice sets
random utility models.
JEL: 
J22
C51
Dokumentart: 
Working Paper

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