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Econometrica
Article
Data sources: UnpayWall
Econometrica
Article . 1988 . Peer-reviewed
Data sources: Crossref
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Intertemporal Preferences and Labor Supply

Authors: Hotz, V Joseph; Kydland, Finn E; Sedlacek, Guilherme L;

Intertemporal Preferences and Labor Supply

Abstract

In this paper, the authors examine whether nonseparable preference structures ar e important in characterizing life-cycle labor supply. Using longitud inal data on prime-age males from the Panel Study of Income Dynamics, they estimate a model of life-cycle leisure and consumption under un certainty in which intertemporal preferences are allowed to be nonsep arable in leisure. The model tests several alternative specifications considered in the literature. They investigate the robustness of the ir findings to certain forms of population heterogeneity and types of model misspecification. Across alternative specifications, the autho rs find that the standard assumption of intertemporally separable pre ferences for leisure is not consistent with the data. Copyright 1988 by The Econometric Society.

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
95
Top 10%
Top 1%
Average
bronze