Testing the Predicitive Value of Subjective Labour Supply Data

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Abstract

Empirical implementation of labour supply theories is usually based on realized labour market behaviour. This requires strong assumptions about the impact of labour demand. A possibility to avoid these assumptions is to make use of subjective data on desired labour supply. In this paper we investigate whether respondents’ answers to survey questions on the desired number of working hours contain additional information on the preferences of the individuals. Using panel data for the Netherlands, we analyze whether deviations between desired hours and actual hours of work help to predict future job changes or changes in hours worked. We use parametric and recently developed nonparametric tests. The results suggest that subjective information on desired working hours are helpful in explaining female labour supply. For males the evidence is mixed.
Original languageEnglish
Place of PublicationTilburg
PublisherEconometrics
Number of pages35
Volume1997-25
Publication statusPublished - 1997

Publication series

NameCentER Discussion Paper
Volume1997-25

Fingerprint

Labor supply
Testing
Working hours
Deviation
Job change
Hours of work
Labour demand
Hours worked
Market behavior
Female labor supply
Nonparametric test
Panel data
Labour market
Subjective data
The Netherlands

Keywords

  • labour supply
  • subjective data
  • hypothesis testing
  • nonparametric methods

Cite this

Euwals, R. W., Melenberg, B., & van Soest, A. H. O. (1997). Testing the Predicitive Value of Subjective Labour Supply Data. (CentER Discussion Paper; Vol. 1997-25). Tilburg: Econometrics.
Euwals, R.W. ; Melenberg, B. ; van Soest, A.H.O. / Testing the Predicitive Value of Subjective Labour Supply Data. Tilburg : Econometrics, 1997. (CentER Discussion Paper).
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Euwals, RW, Melenberg, B & van Soest, AHO 1997 'Testing the Predicitive Value of Subjective Labour Supply Data' CentER Discussion Paper, vol. 1997-25, Econometrics, Tilburg.

Testing the Predicitive Value of Subjective Labour Supply Data. / Euwals, R.W.; Melenberg, B.; van Soest, A.H.O.

Tilburg : Econometrics, 1997. (CentER Discussion Paper; Vol. 1997-25).

Research output: Working paperDiscussion paperOther research output

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Euwals RW, Melenberg B, van Soest AHO. Testing the Predicitive Value of Subjective Labour Supply Data. Tilburg: Econometrics. 1997. (CentER Discussion Paper).