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observed difference in average wage rates (OECD 2011). This theory-based utility function could be then utilized to study labor …
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This paper examines the role of home production in estimating life-cycle labor supply. I show that, consistent with previous studies, ignoring an individual's time spent on home production when estimating the Frisch elasticity of labor supply biases its estimate downwards. I also show, however,...
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observed difference in average wage rates (OECD 2011). This theory-based utility function could be then utilized to study labor …
Persistent link: https://www.econbiz.de/10011498644
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