Comparison of alternative specifications for the labour supply models in MITTS :Melbourne Institute of Applied Economic and Social Research: The University of Melbourne

Comparison of alternative specifications for the labour supply models in MITTS

The overall objective of this project is to improve the labour supply models incorporated in MITTS as far as possible. This is of extreme policy significance, because if the underlying labour supply models are in some sense misspecified, policy simulations based on MITTS could yield erroneous inference. However, to do this comprehensively is a major undertaking encompassing various stages. To fully understand the impact of each separate stage/refinement, a stepwise procedure is proposed in which the relevance of individual improvement is evaluated at each stage. The implications of all these refinements will be ascertained, to a certain extent, by policy simulation results based on the various models.

More information about the comparison of alternative specifications for the labour supply models in MITTS (pdf 189KB)

The Melbourne Institute contact for this project is Dr Guyonne Kalb

Project is at the final report stage.

Melbourne Institute of Applied Economic and Social Research

Level 5, Faculty of Business and Economics Building
111 Barry Street
The University of Melbourne
Victoria 3010 Australia

Authoriser:
Director, Melbourne Institute of Applied Economic and Social Research

Maintainer:
Webmaster, Melbourne Institute of Applied Economic and Social Research

Date created:
27 September 2011
Last modified:
April 4, 2016 4:25 PM

Labour Economics and Social Policy

Comparison of alternative specifications for the labour supply models in MITTS