Content area

Abstract

This paper discusses the impact that Jacob Mincer's 1962 paper "Labor-Force Participation of Married Women..." had on the analysis and empirical estimation of the labor supply of married women, and the supply of labor in general. It is argued that this paper has revolutionized the analysis of labor supply. Mincer combined a theoretical model distinguishing between three uses of time (leisure, work at home, and work in the market) and Friedman's distinction between permanent and transitory earning. He showed that the wage has a positive effect on married women's labor supply, and that this supply is more affected by transitory than by permanent income changes. The new theory serves as the scaffold on which Mincer builds the empirical estimation. The interplay between theory, data, and empirical estimation, and the ingenuity of the empirical research using scant data sources, made this paper the object of emulation.

Details

Title
Jacob Mincer and Labor Supply-Before and Aftermath
Author
Gronau, Reuben R
Pages
319-329
Publication year
2003
Publication date
Dec 2003
Publisher
Springer Nature B.V.
ISSN
15695239
e-ISSN
15737152
Source type
Scholarly Journal
Language of publication
English
ProQuest document ID
221133550
Copyright
Copyright (c) 2003 Kluwer Academic Publishers