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Un análisis dinámico del efecto de las ganancias fortuitas sobre la participación laboral


  • Jhon James Mora

    () (Departamento de Economía, Universidad Icesi)


This paper discusses the negative effect that inheritances, gifts or lotteries (which usually can be thought of as fortuitous profits) have on labor participation. This effect is also known in the literature as the Carnegie hypothesis. In order to analyze this effect, this paper considers women from Spain during the period 1994-2000. The results of the panel data for a dynamic probit show that there is a significant negative relationship between labor participation and fortuitous profits, which supports the results of Holtz-Eakin et al. (1993) for the United States.

Suggested Citation

  • Jhon James Mora, 2007. "Un análisis dinámico del efecto de las ganancias fortuitas sobre la participación laboral," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 66, pages 213-224, Enero-Jun.
  • Handle: RePEc:lde:journl:y:2007:i:66:p:213-224

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    References listed on IDEAS

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    Cited by:

    1. Mora, J.J., 2013. "Gender differences between remittances and labor participation in developing countries: A cross-section analysis of Colombia in year 2008," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 13(1), pages 99-112.

    More about this item


    dynamic probit; leisure normality; labor participation; labor market;

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • C35 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure


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