State dependence, serival correlation and heterogeneity in intertemporal labor force participation of married women

A dynamic search framework is developed to analyze the intertemporal labor force participation behavior of married women, using longitudinal data to allow for a rich dynamic structure. The sensitivity to alternative distributional assumptions is evaluated using linear probability and probit models....

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Bibliographic Details
Published in:Econometrica 1999-11, Vol.67 (6), p.1255
Main Author: Hyslop, Dean R
Format: Article
Language:English
Subjects:
Correlation analysis
Economic models
Estimating techniques
Labor force
Simulation
Studies
Women
Online Access:Get full text
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Summary:A dynamic search framework is developed to analyze the intertemporal labor force participation behavior of married women, using longitudinal data to allow for a rich dynamic structure. The sensitivity to alternative distributional assumptions is evaluated using linear probability and probit models. The dynamic probit models are estimated using maximum simulated likelihood estimation, to overcome the computational difficulties inherent in maximum likelihood estimation of models with nontrivial error structures. The results find that participation decisions are characterized by significant state dependence, unobserved heterogeneity, and negative serial correlation in the error component.
ISSN:0012-9682
1468-0262