IDEAS home Printed from https://ideas.repec.org/a/uwp/jhriss/v24y1989i2p195-220.html
   My bibliography  Save this article

Dynamic Labor Force Participation Decisions of Males in the Presence of Layoffs and Uncertain Job Offers

Author

Listed:
  • Füsun Gönül

Abstract

This paper presents a utility maximization model of workers who make decisions to work or not over a lifetime. The objective is to maximize the presented discounted value of utility arising from the participation decisions. In addition to duration dependence introduced through time-variant job offer and layoff probabilities, state dependence enters the model by the existence of a different risk while working, namely, the dismissal risk, than the one while not working, namely, the possibility of no job offers. A dynamic programming algorithm is solved and estimated within a maximum likelihood routine, with data from the National Longitudinal Surveys youth cohort.

Suggested Citation

  • Füsun Gönül, 1989. "Dynamic Labor Force Participation Decisions of Males in the Presence of Layoffs and Uncertain Job Offers," Journal of Human Resources, University of Wisconsin Press, vol. 24(2), pages 195-220.
  • Handle: RePEc:uwp:jhriss:v:24:y:1989:i:2:p:195-220
    as

    Download full text from publisher

    File URL: http://www.jstor.org/stable/pdfplus/145853
    Download Restriction: A subscripton is required to access pdf files. Pay per article is available.

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:uwp:jhriss:v:24:y:1989:i:2:p:195-220. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (). General contact details of provider: http://jhr.uwpress.org/ .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.