IDEAS home Printed from https://ideas.repec.org/a/oup/restud/v53y1986i4p539-558..html
   My bibliography  Save this article

A Life-Cycle Consistent Empirical Model of Family Labour Supply Using Cross-Section Data

Author

Listed:
  • Richard Blundell
  • Ian Walker

Abstract

This paper estimates a utility maximising model of the joint determination of male and female labour supplies using a sample of married couples from the U.K. Family Expenditure Survey. The emphasis is on the estimation of within period preferences that are consistent with intertemporal two-stage budgeting under uncertainty. However, the approach we adopt provides an alternative method of estimating certain aspects of life-cycle behaviour to the fixed effects λ-constant approach of Heckman and MaCurdy (1980), MaCurdy (1981) and Browning, Deaton and Irish (1985). Moreover, it relaxes some of the underlying restrictions that are implicit in these λ-constant models under uncertainty.

Suggested Citation

  • Richard Blundell & Ian Walker, 1986. "A Life-Cycle Consistent Empirical Model of Family Labour Supply Using Cross-Section Data," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 53(4), pages 539-558.
    • Handle: RePEc:oup:restud:v:53:y:1986:i:4:p:539-558.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2307/2297605
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:restud:v:53:y:1986:i:4:p:539-558.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/restud .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.