The Heterogeneity and Dynamics of Individual Labor Supply over the Life Cycle : Facts and Theory ∗

@inproceedings{Erosa2010TheHA,
  title={The Heterogeneity and Dynamics of Individual Labor Supply over the Life Cycle : Facts and Theory ∗},
  author={Andr{\'e}s Erosa and L Minerva Burgos Fuster},
  year={2010}
}
In this paper we first document various facts about the labor supply decisions of male workers in the US over their life cycle. We then build a neoclassical model of labor markets with non-linear wages and heterogeneous agents that accounts for labor supply choices at the extensive margin. The key feature of our theory for delivering periods of non-participation is the non-linear mapping between hours of work and earnings, which is convex at low hours of work. We show that our heterogeneous… CONTINUE READING

References

Publications referenced by this paper.
Showing 1-10 of 23 references

Inequality and the life cycle

View 7 Excerpts
Highly Influenced

The Cross-Sectional Implications of Rising Wage Inequality in the United States,

J. Heathcote, K. Storesletten, G. L. Violante
2004
View 6 Excerpts
Highly Influenced

The Effect of Part Time Work on Wages: Evidence from Social Security Rules,

D. Aaronson, E. French
Journal of Labor Economics, • 2004
View 9 Excerpts
Highly Influenced

The Firm and the Plant in General Equilibrium Theory,” in General Equilibrium, Growth, and Trade II: The Legacy of Lionel McKenzie, ed

A. Hornstein, E. C. Prescott
1993
View 5 Excerpts
Highly Influenced

How Much Insurance in Bewley Models ? *

View 2 Excerpts
Highly Influenced

New Evidence on Labor Supply: Employment versus Hours Elasticities by Sex and Marital Status,

J. Kimmel, J T.
Kniesner • 1998
View 2 Excerpts
Highly Influenced

Similar Papers

Loading similar papers…