This paper examines tax return-generated data on the labor force behavior of people
before and after they receive inheritances. The results are consistent with Andrew Camegie’s
century-old assertion that large inheritances decrease a person's labor force participation. For
example, a…

This paper reports nonparametric estimates of the effect of labor supply
behavior on the payments to families enrolled in the Seattle/Denver Income
Maintenance Experiment. The randomized assignment of families to the
treatment groups in this experiment was designed to permit…

According to the family utility function approach, the labor supply
functions of married men should differ according to whether or not their
wives also work. In this paper I explicitly model the switching nature
of labor supply while also accounting…

If hours can be freely varied within jobs, the effect on hours of
changes in preferences for those who do change jobs should be similar to
the effect on hours for those who do not change jobs. Conversely, if
employers…

This paper uses aggregate birth year/calendar year level data derived
from the Current Population Survey (CPS) to estimate the effect of Social
Security wealth on the labor supply of older men in the l970s and 1980s.
The analysis focuses on…

Two approaches to estimation and testing of fixed effects models are
commonly found in the econometrics literature. The first involves variations on
instrumental variables. The second, a Minimum Chi-Square (MCS) procedure
introduced by Chamberlain, minimizes a quadratic form in the…

In a labor market in which firms offer tied hours-wage packages and
there is substantial dispersion in the wage offers associated with a
particular type of job, the best job available to a worker at a point in
time may…

Labor supply research has not yet produced a clear statement of the size of
the labor supply elasticity nor how it should be measured. Measurement error in
hourly wage data and the use of inappropriate identifying assumptions can account
for…