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Different Modeling Strategies for Discrete Choice Models of Female Labour Supply: Estimates for Switzerland

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  • Reto Nyffeler
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    Abstract

    In recent applications of discrete choice models of labour supply considerable attention has been devoted to strategies to increase the flexibility of models for a better fit to the data. These include the introduction of random parameters, fixed cost of work or flexible functional forms of preferences. Based on estimates of models of recent studies this paper compares these different modeling strategies. Results for Swiss data show that the traditional way to interpret fixed cost of work is ad hoc. Furthermore our results indicate that care should be taken when using very general function forms of preferences

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    Bibliographic Info

    Paper provided by Universitaet Bern, Departement Volkswirtschaft in its series Diskussionsschriften with number dp0508.

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    Date of creation: Jul 2005
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    Handle: RePEc:ube:dpvwib:dp0508

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    Keywords: multinomial logit; household labour supply; taxation; microsimulation;

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    1. David Revelt & Kenneth Train, 1998. "Mixed Logit With Repeated Choices: Households' Choices Of Appliance Efficiency Level," The Review of Economics and Statistics, MIT Press, vol. 80(4), pages 647-657, November.
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    17. repec:fth:stanho:e-90-11 is not listed on IDEAS
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