Modeling Employment Dynamics With State Dependence and Unobserved Heterogeneity
具有状态依赖与未观测异质性的就业动态建模
This study extends existing work on the dynamics of labor force participation by distinguishing between full-time and part-time employment and by allowing unobserved heterogeneity in the effects of previous employment outcomes, children and education on labor supply behavior. In addition, unobserved heterogeneity may feature autocorrelation and correlated random effects. The results reveal significant variation in the effects of children and education on labor supply…