The effect of family property income on labor supply: Evidence from China

Yong Wang and Yanxia Ge

International Review of Economics & Finance, 2018, vol. 57, issue C, 114-121

Abstract: This paper discusses the impact of family property income on labor supply. We use a Heckman two-stage model to solve the selection problem and CFPS data to conduct an empirical test. Depending on the estimation results of the Heckman two-stage model, family property income reduces the probability of employment and lowers the labor supply. Additionally, the negative effect on younger workers is greater than that of elder workers. As family property income is growing rapidly in China, how to inspiring young workers to join in the labor force will become a problem that society must face.

Keywords: Family property income; Labor supply; Income effect; Sample selection bias; Heckman two-stage model (search for similar items in EconPapers)
JEL-codes: D14 E24 G41 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:57:y:2018:i:c:p:114-121

DOI: 10.1016/j.iref.2018.02.016

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