On the Identification of the Supply Curve of Working Hours

On the Identification of the Supply Curve of Working Hours

IN a recent issue of this Journal (March 1968), Professor M.S. Feldstein published a paper on 'Estimating the Supply Curve of Working Hours'. He commenced by suggesting that previous empirical studies in this field had foundered on the identification problem. That is, it had by no means be...

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Veröffentlicht in:Oxford economic papers 1969-07, Vol.21 (2), p.293-298
1. Verfasser: Rayner, A. C.
Format: Artikel
Sprache:eng
Schlagworte:
Demand curves
Identification
Labor
Leisure
Recreation
Supply
Supply curves
Wage rate
Wage rates
Work hours
Workers
Working hours
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Zusammenfassung:IN a recent issue of this Journal (March 1968), Professor M.S. Feldstein published a paper on 'Estimating the Supply Curve of Working Hours'. He commenced by suggesting that previous empirical studies in this field had foundered on the identification problem. That is, it had by no means been proven that the regressions of hours worked on a measure of the wage rate were an estimate of the supply curve, rather than of the demand curve, or some mixture of the two.
ISSN:0030-7653
1464-3812
DOI:10.1093/oxfordjournals.oep.a041129