The Hausman-MaCurdy controversy: why do the results differ across studies?
The two perhaps most influential empirical labor supply studies carried out in the United States in recent years, Hausman (1981) and MaCurdy, Green, and Paarsch (1990), report sharply contradicting labor supply estimates. In this paper we show that the seemingly irreconcilable views on the size of w...
| Publicado en: | Journal of Human Resources Vol. 35; no. 1; pp. 204 - 221 |
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| Autores principales: | , |
| Formato: | Artículo |
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University of Wisconsin Press
Winter2000
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=507739207&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 507739207 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 0022166X JHR jtl: Journal of Human Resources issn: 0022166X maglogo: N pubinfo: dt: Winter2000 vid: 35 iid: 1 pid: 249 pub: University of Wisconsin Press artinfo: ui: 507739207 10.2307/146361 ppf: 204 ppct: 17 formats: fmt: – @attributes: type: T – @attributes: type: P size: 1008KB tig: atl: The Hausman-MaCurdy controversy: why do the results differ across studies? aug: au: Eklöf, Matias Sacklén, Hans su: Parameter estimation Monte Carlo method Mathematical models of economics Income tax Labor supply Mathematical models United States sug: subj: United States Parameter estimation Monte Carlo method Mathematical models of economics Income tax Labor supply Mathematical models ab: The two perhaps most influential empirical labor supply studies carried out in the United States in recent years, Hausman (1981) and MaCurdy, Green, and Paarsch (1990), report sharply contradicting labor supply estimates. In this paper we show that the seemingly irreconcilable views on the size of work disincentive effects and welfare losses can be attributed to the use of differing nonlabor income and wage measures in the two studies. Monte Carlo experiments suggest that the wage measure adopted by MaCurdy, Green, and Paarsch (1990) might cause a severely downward biased wage effect such that data falsely refute the basic notion of utility maximization. Reprinted by permission of the publisher. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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