Family Labor Supply over the Life Cycle
A life cycle model is derived to explain the allocation of time of family members over the life cycle. The timing of market participation is shown to depend upon the life cycle wage pattern of men and women, the rate of interest, the rate of time preference, and age-related changes in the productivity of nonmarket uses of time.
|Date of creation:||12 Apr 2004|
|Date of revision:|
|Note:||Type of Document - pdf; pages: 48. Explorations in Economic Research, Volume 4, Number 2, Spring 1977|
|Contact details of provider:|| Web page: http://econwpa.repec.org|
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