Observable and non-observable social interactions in labor supply

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Title: Observable and non-observable social interactions in labor supply
Authors: Jaenicke, Johannes
Abstract: This paper analyzes determinants of individual work force participation in a bivariate probit model using data from the GSOEP. From Monte Carlo simulation, we know that there is low probability to detect social interactions in medium data sets. Nevertheless, we find that apart from influences such as age, number of children and local employment rates, educational and gender differences as well as the work force participation of the eldest brother or sister also have a significant influence on a person´s work force participation. The results show that the second-born takes a similar job participation decision as his/her peer.
Citations: Beiträge des Fachbereichs Wirtschaftswissenschaften der Universität Osnabrück 05. Osnabrück (2003): 17
URL: https://repositorium.ub.uni-osnabrueck.de/handle/urn:nbn:de:gbv:700-201001305260
Subject Keywords: Work force participation; social competition; risk sharing; siblings; bivariate probit model
Issue Date: 2-Jun-2004
Type of publication: Beitrag zu einem Periodikum [contributionToPeriodical]
Appears in Collections:FB09 - Hochschulschriften

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