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Testing Intertemporal Substitution,Implicit Contracts,and Hours Restriction Models of the Labor Market Using Micro Data
Testing Intertemporal Substitution Implicit Contracts Hours Restriction Models Labor Market Micro Data
2015/9/18
We present new tests of three theories of the labor market: intertemporal substitution, hours restrictions, and implicit contracts. The intertemporal substitution test we implement is an exclusion tes...
Out of the Wallet and into the Purse: Using Micro Data to Test Income Pooling
Out of the Wallet Purse Micro Data Test Income Pooling
2016/3/7
This paper uses an exogenous change in the intrahousehold distribution of income, provided by a change in United Kingdom Family Allowance policy to test the income-pooling hypothesis implied by unitar...
The Impact of Labour Turnover: Theory and Evidence from UK Micro Data
Labour turnover turnover costs optimal turnover
2010/9/7
We analyse the impact of labour turnover on profits. We extend the efficiency wage model of Salop (1979) by separating incumbent and newly hired workers in the production function. We show that an exo...