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Source: Southeast Theory and International Economics Meetings
Resulting in 1 citation.
1. Imai, Susumu
Intertemporal Labor Supply and Human Capital Accumulation
Presented: Houston, TX, Southeast Economic Theory and International Economics Meetings, October 2000
Cohort(s): NLSY79
Publisher: Southeast Theory and International Economics Meetings, Rice University
Keyword(s): Human Capital; Labor Economics; Labor Supply; Life Cycle Research; Modeling

Permission to reprint the abstract has not been received from the publisher.

I solve and estimate a dynamic model that allows agents to optimally choose their labor hours and consumption over a continuum of positive real numbers, and that allows for both human capital accumulation and savings. Estimation results and simulation exercises indicate that the intertemporal elasticity of substitution is much higher than those estimated by MaCurdy (1981) or Altonji (1985). The human capital accumulation effect renders the life-cycle path of the shadow wage relatively flat. Hence, a rather flat lifecycle labor supply path can be reconciled with a high intertemporal elasticity of substitution.
Bibliography Citation
Imai, Susumu. "Intertemporal Labor Supply and Human Capital Accumulation." Presented: Houston, TX, Southeast Economic Theory and International Economics Meetings, October 2000.