search query: @author Kniesner, T.J. / total: 1
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| Author: | Grodner, A. Kniesner, T.J. |
| Title: | Social interactions in labor supply |
| Journal: | Journal of the European Economic Association
2006 : DEC, VOL. 4:6, p. 1226-1248 |
| Index terms: | employment labour supply pay policy models |
| Language: | eng |
| Abstract: | This paper examines the effect of interdependence on estimation and interpretation of earnings/labour supply (here as: lb-s.) equations. Considered are the cases of 1. a positive spillover from others' labour supplied (as: lb-sd.) and 2. a need for conformity with others' lb-sd. Qualitative and quantitative comparative statics results with a Stone-Geary utility function demonstrate how spillover effects increase lb-s. uniformly. Alternatively, conformity effects move ld-sd. toward the mean of the reference group so that, in the limit, lb-s. becomes perfectly inelastic at the reference group average etc. |
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