Bayesian analysis of a dynamic stochastic model of labor supply and saving
D Houser - Journal of Econometrics, 2003 - Elsevier
This paper empirically implements a dynamic, stochastic model of life-cycle labor supply and human capital investment. The model allows agents to be forward looking. But, in contrast …
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This paper empirically implements a dynamic, stochastic model of life-cycle labor supply and human capital investment. The model allows agents to be forward looking. But, in contrast …