Modeling the Choice of Working when the Set of Job Opportunities is Latent
AbstractIn this paper we analyze the decision of "working" versus "not working" within a discrete choice framework, where number of available jobs is confined and related to individual characteristics. In this way the market constraint from the demand side is taken into account. We also accommodate the notion of job specific non-pecuniary attributes in the specification of preferences. We apply panel data to estimate the model. To this end a particular estimation method is developed that accounts for possible serial dependence in the preferences.
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Bibliographic InfoPaper provided by Research Department of Statistics Norway in its series Discussion Papers with number 265.
Date of creation: Jan 2000
Date of revision:
Labor supply; Discrete choice; Logit model;
Find related papers by JEL classification:
- C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
- J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
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