DP57 Selection Criteria for a Microeconometric Model of Labour Supply

Author(s): Richard Blundell, Costas Meghir
Publication Date: March 1985
Keyword(s): Female Labour Supply, Microdata, Model Selection
JEL(s): 211, 212, 229, 824
Programme Areas: Applied Macroeconomics
Link to this Page: cepr.org/active/publications/discussion_papers/dp.php?dpno=57

In this paper we develop a set of selection criteria for the specification of a female labour supply model for microdata. We look at both economic and statistical criteria in assessing various models, paying particular attention to the flexibility of the economic model and the stochastic specification of unobservable factors. Using these criteria, a model is selected from a sample of United Kingdom Family Expenditure Survey data.