Labor Force Participation in an LDC

Dante Canlas
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Dante Canlas: School of Economics, University of the Philippines Diliman

No 199003, UP School of Economics Discussion Papers from University of the Philippines School of Economics

Abstract: An aggregate labor force participation rate model based on a neoclassical two-period labor-supply model is derived and estimated using annual time-series data for the Philippines. The findings cast doubts on LDC labor market models that posit an infinitely elastic labor supply curve.

Date: 1990-03
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Published as UPSE Discussion Paper No. 1990-03, March 1990

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