| dc.contributor.author | Lin, Zhengxi. | en_US |
| dc.date.accessioned | 2014-10-21T12:37:31Z | |
| dc.date.available | 1992 | |
| dc.date.issued | 1992 | en_US |
| dc.identifier.other | AAINN80159 | en_US |
| dc.identifier.uri | http://hdl.handle.net/10222/55329 | |
| dc.description | This volume consists of three independent but interrelated studies on intertemporal substitution of labour supply. | en_US |
| dc.description | Chapter Two develops and estimates three nested models of intertemporal substitution of annual hours. Chapter Three estimates two nested models of short-run intertemporal substitution of labour supply by breaking down the two-year data into eight successive quarters. Chapter Four develops and estimates three nested simultaneous models of changes in annual hours and hourly wages, and performs a formal test (the Wu-Hausman Test) of the interdependence of changes in annual hours and hourly wages. The data used are the 1986-1987 and 1988-1989 waves of the Labour Market Activity Survey of Statistics Canada. | en_US |
| dc.description | The following can be observed from the empirical results: (1) The unemployment-underemployment doubly constrained models are preferred to the unemployment constrained models, and the unemployment constrained models are preferred to the unconstrained model, i.e., quantity constraints in the labour market are, in practice, very important factors affecting the intertemporal substitution of labour supply. (2) Labour market constrained workers (either unemployed or underemployed) are off their intertemporal labour supply functions, rejecting the real business cycle (RBC) view that variations in measured unemployment represent individuals adjusting their labour supply behavior in response to fluctuations in real wages and that unemployment time represents voluntary consumption of leisure. (3) The hypothesis that workers make labour supply decisions without money illusion is rejected. (4) The wage intertemporal substitution elasticity of annual hours is empirically small and statistically significant but highly variable over time and across regional labour markets in Canada. We can not, therefore, rely upon this estimate as a general explanation of fluctuations in unemployment across labour markets. (5) There is no simultaneity of changes in annual hours and hourly wages--changes in hourly wages significantly affect changes in annual hours but changes in annual hours are not significant in explaining changes in hourly wages. (6) The models of assuming wage exogeneity correctly estimate the intertemporal substitution behavior of labour supply. | en_US |
| dc.description | Thesis (Ph.D.)--Dalhousie University (Canada), 1992. | en_US |
| dc.language | eng | en_US |
| dc.publisher | Dalhousie University | en_US |
| dc.publisher | | en_US |
| dc.subject | Economics, Labor. | en_US |
| dc.title | Three essays on intertemporal substitution of labour supply: Annually, quarterly and hours-wage simultaneously. | en_US |
| dc.type | text | en_US |
| dc.contributor.degree | Ph.D. | en_US |
