CitationFlabbi, Luca & Moro, Andrea (2012). The Effect of Job Flexibility on Female Labor Market Outcomes: Estimates from a Search and Bargaining Model. Journal of Econometrics, 168(1), 81-95.
AbstractIn this article, we develop a search model of the labor market in which jobs are characterized by work hours’ flexibility. Workers value flexibility, which is costly for employers to provide. We estimate the model on a sample of women extracted from the CPS. The model parameters are empirically identified because the accepted wage distributions of flexible and non-flexible jobs are directly related to the preference for flexibility parameters. Results show that more than one-third of women place a small, positive value on flexibility. Women with a college degree value flexibility more than women with only a high school degree. Counterfactual experiments show that flexibility has a substantial impact on the wage distribution but a negligible impact on the unemployment rate. These results suggest that wage and schooling differences between males and females may be importantly related to flexibility.
Reference TypeJournal Article
Journal TitleJournal of Econometrics