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                                       Details for article 5 of 16 found articles
 
 
  Estimating labour supply disequilibrium with fixed-effects random-coefficients regression
 
 
Title: Estimating labour supply disequilibrium with fixed-effects random-coefficients regression
Author: Conway, Karen Smith
Kniesner, Thomas J.
Appeared in: Applied economics
Paging: Volume 24 (1992) nr. 7 pages 781-789
Year: 1992-07
Contents: Long-term contracting, adjustment costs, or efficiency wages can make a worker supply fewer (more) hours than desired at the current economic opportunity set. A regression model with cross-correlated random coefficients is used to obtain new theoretically based measures of the direction and relative intensity of labour supply disequilibrium. Among prime-aged male hourly paid workers in the United States during 1978-82, evidence of widespread underemployment is found. Among primeaged male salaried workers, some overemployment appears. Regressions incorporating person-specific fixed effects are consistent with a life-cycle labour supply model for salaried workers and suggest a need for fresh ways to include short-run labour demand forces in micro labour supply models of hourly paid workers.
Publisher: Routledge
Source file: Elektronische Wetenschappelijke Tijdschriften
 
 

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