Intertemporal Labor Supply: An Assessment

54 Pages Posted: 29 Jul 2000 Last revised: 6 Nov 2022

See all articles by David Card

David Card

University of California, Berkeley - Department of Economics; Institute for the Study of Labor (IZA); National Bureau of Economic Research (NBER)

Date Written: January 1991

Abstract

The lifecycle labor supply model has been proposed as an explanation for various dimensions of labor supply, including movements over the business cycle, changes with age, and within-person variation over time. According to the model, all of these elements are tied together by a combination of intertemporal substitution effects and wealth effects. This paper offers an assessment of the model's ability to explain the main components of labor supply, focusing on microeconomic evidence for men.

Suggested Citation

Card, David E., Intertemporal Labor Supply: An Assessment (January 1991). NBER Working Paper No. w3602, Available at SSRN: https://ssrn.com/abstract=232072

David E. Card (Contact Author)

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