A model of teenage labor supply |
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| Authors: | Robert S. Goldfarb Anthony M.J. Yezer |
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| Affiliation: | George Washington University, Washington, D.C. 20052, U.S.A. |
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| Abstract: | This paper develops a model of teenage labor supply and school participation which stresses the teenager's use of time in a family context. The family is viewed as imposing constraints on the teenager's allocation of time. The teenager maximizes his utility subject to these constraints which differ with his age, sex, and family type. Simultaneous equation estimation is used with market level (SMSA) data on teenage labor supply. Overall, we find well-behaved labor supply equations for teenage age, sex, and family-type groups. Moreover, different groups react differently to variables representing family-imposed constraints. |
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| Keywords: | Address reprint requests to Prof. Robert S. Goldfarb Department of Economics George Washington University Washington D.C. 20052 U.S.A.. |
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