Endogeneous Household Interaction

Daniela Del Boca and Christopher Flinn

CHILD Working Papers from CHILD - Centre for Household, Income, Labour and Demographic economics - ITALY

Abstract: There is a long history of the theoretical and empirical investigation of the labor supply decisions of married women. Perhaps the starting point for modern econometric analysis of this question is Heckman (1974), in which a neoclassical model of wives’ labor supply was estimated using disaggregated data. He explicitly estimated the parameters characterizing a household utility function, which included as arguments the leisure levels of wives and household consumption. With the addition of a wage function, Heckman was able to consistently estimate household preference parameters and the wage function in a manner that eliminated the types of endogenous sampling problems known to create estimator bias when the participation decision is ignored....

Keywords: Household Time Allocation; Grim Trigger Strategy; Household Production; Method of Simulated Moments (search for similar items in EconPapers)
JEL-codes: C79 D19 J22 (search for similar items in EconPapers)
Pages: 52 pages
Date: 2009-02
New Economics Papers: this item is included in nep-gth, nep-lab and nep-ltv
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Related works:
Journal Article: Endogenous household interaction (2012)
Working Paper: Endogeneous Household Interaction (2009)
Working Paper: Endogeneous Household Interaction (2009)
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