Intertemporal substitution and household production in labour supply

Guillermo Felices and David Tinsley

Bank of England working papers from Bank of England

Abstract: The demands on a person's time vary over their working life, so that the years in which they might be expected to devote most time to work may also be the period when other commitments, such as bringing up children, are most pressing. Estimates of the intertemporal labour supply elasticity that do not take this possibility into account are likely to be biased. Recent research that uses US data from three time-use surveys has found evidence for a large downward bias to the labour supply elasticity. This paper uses a large UK survey to test this hypothesis. It finds convincing evidence for a similar downward bias in estimates of the UK labour supply elasticity for males. The analysis is extended by differentiating by sex, marital status, skill and business cycle. The bias appears in every case, but is less evident for married men. The labour supply elasticity for single women is, interestingly, similar to that for single men.

Date: 2004-10
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.bankofengland.co.uk/research/Documents/workingpapers/2004/WP234.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.bankofengland.co.uk/research/Documents/workingpapers/2004/WP234.pdf [301 Moved Permanently]--> https://www.bankofengland.co.uk/research/Documents/workingpapers/2004/WP234.pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:boe:boeewp:234

Access Statistics for this paper

More papers in Bank of England working papers from Bank of England Bank of England, Threadneedle Street, London, EC2R 8AH. Contact information at EDIRC.
Bibliographic data for series maintained by Digital Media Team ().