@techreport{NBERw3312,
 title = "Does Labor Supply Explain Fluctuations in Average Hours Worked?",
 author = "Joshua D. Angrist",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "3312",
 year = "1990",
 month = "March",
 URL = "http://www.nber.org/papers/w3312",
 abstract = {Economists have long debated over what labor supply has to do with fluctuations in hours worked. This paper uses a time series of cross-sections from the 1964-88 Current Population Surveys to study whether microeconomic intertemporal substitution models can explain time series fluctuations in annual averages. Conditional on a parametric trend, labor supply equations fit the 1975-87 data remarkably well. But estimates for 1963-74 are not robust, and estimated labor supply elasticities are much lower in the earlier period. },
}