disorders on employment and conditional work hours and income. Two-stage instrumental variables methods were used to correct for …

permanent income hypothesis and the Keynesian consumption model using a dynamic factor model of consumption, hours, wages …, unemployment, and income. We show that a quarterly dynamic factor model with restrictions on the lag structure nay be used with … at different time intervals and/or are aggregates for the calendar year. By using several income indicators we are able …

intensive and extensive margin. The first assumes that individuals face different continuous wage-hours schedules. The second …

wage penalty. As a consequence, individuals working typically 40 hours are not very responsive to variation in productivity …

In this paper we use indirect inference to estimate a joint model of earnings, employment, job changes, wage rates, and … outside wage offers, and the effects of seniority on job changes. We provide estimates of the dynamic response of wage rates … short run as well a substantial long long-term effect that operates through the wage rate. Shocks associated with job …

. We then present an interpretation of these features in terms of both a life-cycle labor supply model and a fixed-wage …

Using the Panel Study of Income Dynamics and the Health and Retirement Study, we provide a set of facts about vacation … leave and its relationship to hours worked, hours constraints, wage rates, worker characteristics, spouse's vacation leave … government workers, that hourly wage rates have a strong positive relationship with paid vacation weeks both in the cross section …