Selection criteria for a microeconometric model of labour supply

Richard Blundell () and Costas Meghir

Journal of Applied Econometrics, 1986, vol. 1, issue 1, 55-80

Abstract: The wide variety of observed behaviour that is displayed in survey data suggests that microeconometric models should allow a reasonable degree of flexibility in specification. However, since these models are generally used for policy analysis they are required to satisfy some degree of theoretical consistency. This requirement has generally led to the adoption of rather simple ‘inflexible’ models based on additive preferences or linear labour supply responses. We estimate and test a sequence of models for the labour supply of married working women, emphasizing the importance of testing both the thecretical and statistical assumptions underlying the models.

Date: 1986
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https://doi.org/10.1002/jae.3950010105

Related works:
Journal Article: Selection Criteria for a Microeconometric Model of Labour Supply (1986)
Working Paper: Selection Criteria for a Microeconometric Model of Labour Supply (1985)
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