Keane, Michael P.; Sauer, Robert M. - In: Econometrica 77 (2009) 3, pp. 975-991
Two key issues in the literature on female labor supply are (i) whether persistence in employment status is due to unobserved heterogeneity or state dependence, and (ii) whether fertility is exogenous to labor supply. Until recently, the consensus was that unobserved heterogeneity is very...