This chapter surveys existing approaches to modeling labor supply and identifies important
gaps in the literature that could be addressed in future research. The discussion begins with …

Publisher Summary This chapter presents a survey on the labor supply of men. This survey
of male labor supply covers the determinants of whether men work for pay in the labor …

Several recent studies have suggested that empirical rejections of the permanent income/life
cycle model might be due to the existence of liquidity constraints. This paper tests the …

This paper explores the link between financial market incompleteness and human capital
accumulation. We examine how child school attendance responds to seasonal fluctuations …

In the period since the 1960s, as in other periods, aggregate time series on real wages have
displayed only modest cyclicality. Macroeconomists therefore have described weak …

This paper describes an organizational setting in which professional employees are
required to work inefficiently long hours. The focus of our investigation is large law firms. The …

This paper uses the Panel Study of Income Dynamics to test whether risk-sharing is
complete between or within American families. The tests accommodate a wide variety in the …

We investigate the consequences of imperfect factor market development for farm efficiency
in North China. We estimate the extent to which an inverse relationship in farm productivity …

This paper tests the rational expectations lifecycle model of consumption against (i) a
Keynesian model and (ii) the rational expectations lifecycle model with imperfect capital …

According to US Census and Current Population Survey (CPS) data, employed US men are
more likely to work more than 48 hours per week today than 25 years ago. Using 1979 …