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Author: Jakubson, George
Resulting in 1 citation.
1. Schwartz, Saul
Hutchins, Robert
Jakubson, George
Dynamic Models of the Joint Determination of Labor Supply and Family Structure
NLS Discussion Paper No. 92-3, Washington DC: U.S. Bureau of Labor Statistics, June 1991.
Also: http://stats.bls.gov/ore/abstract/nl/nl910020.htm
Cohort(s): NLSY79
Publisher: U.S. Department of Labor
Keyword(s): Family Structure; Labor Supply; Modeling; Simultaneity; Women

This project will construct a dynamic theoretical model of the labor supply and family structure of young women. The authors will then show how the parameters of that theoretical model might be estimated. Essentially, the resulting econometric model is a simultaneous equations model in which the range of possible values for the dependent variables is limited. They may be binary, truncated at zero or censored. In addition, the model may contain lagged dependent variables as explanatory variables. Linear models of this type have been estimated previously. It is anticipated that literature will be extended in order to deal with the nonlinear structure implied by our theoretical model. Once estimation is complete, the models described here will provide knowledge that is of substantial policy relevance. The estimated models will yield new information on the economic consequences of a young woman's decisions regarding labor supply and family structure. Moreover, the models will indicate the extent to which such decisions are sensitive to changes in economic variables such as wage rates and demographic characteristics. Such knowledge can play a fundamental role in the formulation and evaluation of government policy.
Bibliography Citation
Schwartz, Saul, Robert Hutchins and George Jakubson. "Dynamic Models of the Joint Determination of Labor Supply and Family Structure." NLS Discussion Paper No. 92-3, Washington DC: U.S. Bureau of Labor Statistics, June 1991.