Purpose of the assignment: After learning about neoclassical labor supply theory it is important to examine how
the theory helps to explain the real-world labor market. In Part 1 of this exercise you will calculate the elasticity
of labor supply and explain your result with reference to labor supply theory. In Part 2 you will use “time use”
survey data to explore the gender division of labor in the household.
I am assigned number 12 (Lansing) in the first file I uploaded. (Econ 321 1)
The data for the city (Lansing) is included in the second file (Econ 321 2)
The wages for hours and wages are going to be in the third file (Econ 321 3)
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