State Dependence, Serial Correlation and Heterogeneity in Intertemporal Labor Force Participation of Married Women

Dean Hyslop

449 citations0/0 files storedEconometrica

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Gender, Labor, and Family Dynamics Labor market dynamics and wage inequality Labour Market and Migration

Abstract

A dynamic search framework is developed to analyze the intertemporal labor force participation behavior of married women, using longitudinal data to allow for a rich dynamic structure. The sensitivity to alternative distributional assumptions is evaluated using linear probability and probit models. The dynamic probit models are estimated using maximum simulated likelihood (MSL) estimation, to overcome the computational difficulties inherent in maximum likelihood estimation of models with nontrivial error structures. The results find that participation decisions are characterized by significant state dependence, unobserved heterogeneity, and negative serial correlation in the error component. The hypothesis that fertility decisions are exogenous to women's participation decisions is rejected when dynamics are ignored; however, there is no evidence against this hypothesis in dynamic model specifications. Women's participation response is stronger to permanent than current nonlabor income, reflecting unobserved taste factors.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 449 citations exist upstream.

References

1991Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations 1995Journal of the American Statistical Association 2010Review of Economic Studies 1989A Method of Simulated Moments for Estimation of Discrete Response Models Without Numerical Integration 1989Simulation and the Asymptotics of Optimization Estimators 1987The Sensitivity of an Empirical Model of Married Women's Hours of Work to Economic and Statistical Assumptions 1997How Social Security and Medicare Affect Retirement Behavior In a World of Incomplete Markets 1981An Empirical Model of Labor Supply in a Life-Cycle Setting

Cited by

2015Split-panel Jackknife Estimation of Fixed-effect Models 2007The interrelated dynamics of unemployment and low‐wage employment 2009Fixed effects estimation of structural parameters and marginal effects in panel probit models 2004Labour Force Participation of Women 2003Female Labour Force Participation

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.