This dataset supports research on estimating labor-supply elasticities, accounting for limited commitment between spouses. It is based on PSID data and presents estimates of approximately 0.65 for men and 0.8 for women. The methodology addresses bias from using household-level consumption data.
Use Cases
- Analyze the relationship between labor-supply elasticities and household consumption composition.
- Compare estimated Frisch elasticities for men and women within couple households.
- Test models of intra-household decision making using the limited commitment framework.
- Replicate the bias-correction method for labor-supply elasticity estimation.
Strengths
- Based on PSID data, a widely used longitudinal household survey.
- Provides specific elasticity estimates of 0.65 for men and 0.8 for women.
- Focuses on couple households, a specific and policy-relevant demographic.
Limitations
- The underlying dataset's specific row count, column structure, and sample size are unknown.
- The analysis is tied to a specific methodological approach, limiting generalizability to other models.
- Geographic and temporal coverage of the source PSID data is not detailed.
Provenance
- Source
- PSID (Panel Study of Income Dynamics) data.
- Collection Method
- Secondary analysis of household panel survey data to develop an improved estimation approach.
- Time Range
- null
- Freshness
- null
- Geography
- null