We estimate Frisch elasticity in a labor market with high job turnover. In a context where only around 18% of the employed labor force has formal and stable jobs, we perform a fixed effects estimation as proposed by MaCurdy (1981) with a Heckman correction for selection into unemployment . We...

This paper uses the first three waves of the Health and Retirement Survey (HRS) to investigate the determinants of labor force status among older Americans. Using transitions at two-year intervals we find that after being retired or unemployed, those who are actively searching for a job have a...

This paper presents a dynamic model of labor/leisure, consumption/saving and annuity decisions over the life cycle. Such a dynamic model provides a framework for considering important policy experiments related to the reforms in Social Security. We address the role of labor supply in a life cyle...