Economics, Econometrics and Finance
8 years ago

Institutional constraints lead to biased household labour supply models.

RePEc: Research Papers in Economics
Institutional Constraints and Random Heterogeneity in Structural Discrete Choice Models of Household Labour Supply
Alan Duncan

Paper Summary

The article discusses how not considering errors in models of household labor supply can lead to biased results. The researchers introduce a new method called DOGEV estimator to account for these errors and show how they affect preferences in labor supply models.

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