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Please use this identifier to cite or link to this item: http://arks.princeton.edu/ark:/88435/dsp01ng451h50f
Title: Testing Whether Unemployment Represents Intertemporal Labor Supply Behavior
Authors: Ham, John C.
Keywords: unemployment
life-cycle
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.
URI: http://arks.princeton.edu/ark:/88435/dsp01ng451h50f
Related resource: http://links.jstor.org/sici?sici=0034-6527%28198608%2953%3A4%3C559%3ATWURIL%3E2.0.CO%3B2-D
Appears in Collections:IRS Working Papers

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