The estimation of utility-consistent lab
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Hans G. Bloemen; Arie Kapteyn
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Article
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2008
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John Wiley and Sons
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English
β 234 KB
## Abstract We consider a utilityβconsistent static labor supply model with flexible preferences and a nonlinear and possibly nonβconvex budget set. Stochastic error terms are introduced to represent optimization and reporting errors, stochastic preferences, and heterogeneity in wages. Coherency co