Skip navigation
Please use this identifier to cite or link to this item:
Title: Testing Whether Unemployment Represents Intertemporal Labor Supply Behavior
Authors: Ham, John C.
Keywords: unemployment
labor supply
Issue Date: 1-Jun-1985
Citation: The Review of Economic Studies, Vol. 53, No. 4, Econometrics Special Issue, August 1986
Series/Report no.: Working Papers (Princeton University. Industrial Relations Section) ; 196
Abstract: This study proposes and implements a specification test for the hypothesis that unemployment represents intertemporal labour supply behavior. The test allows for uncertainty and endogenous unemployment. Given standard specifications of the intertemporal labour supply model, I find strong evidence against this interpretation of unemployment. These results indicate the need to turn to either 1) alternative models where unemployed workers are off a supply function or ii) more complex models of intertemporal substitution.
Related resource:
Appears in Collections:IRS Working Papers

Files in This Item:
File Description SizeFormat 
196.pdf2.76 MBAdobe PDFView/Download

Items in Dataspace are protected by copyright, with all rights reserved, unless otherwise indicated.