NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Intertemporal Labor Supply: An Assessment

David Card

NBER Working Paper No. 3602
Issued in January 1991
NBER Program(s):   LS

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.

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Document Object Identifier (DOI): 10.3386/w3602

forthcoming in Christopher Sims, ed., Advances in Econometrics, Sixth World Congress, (New York, Cambridge University Press, 1994)

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