Different Modeling Strategies for Discrete Choice Models of Female Labour Supply: Estimates for Switzerland

Reto Nyffeler

Diskussionsschriften from Universitaet Bern, Departement Volkswirtschaft

Abstract: In recent applications of discrete choice models of labour supply considerable attention has been devoted to strategies to increase the flexibility of models for a better fit to the data. These include the introduction of random parameters, fixed cost of work or flexible functional forms of preferences. Based on estimates of models of recent studies this paper compares these different modeling strategies. Results for Swiss data show that the traditional way to interpret fixed cost of work is ad hoc. Furthermore our results indicate that care should be taken when using very general function forms of preferences

Keywords: multinomial logit; household labour supply; taxation; microsimulation (search for similar items in EconPapers)
JEL-codes: C25 C52 H31 J22 (search for similar items in EconPapers)
Date: 2005-07
New Economics Papers: this item is included in nep-dcm and nep-pbe
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Citations: View citations in EconPapers (2)

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