We will first extend our empirical results to become representative for the whole population of married females in Norway. Based on this extended empirical representation we will redo our policy simulations and we will also perform out of sample predictio ns. Second we will estimate some competing models on the same datasets and compare the performance of these different models with our model. The reason why we are doing this is that our model is rather new and deviates considerably from the most common la bor supply models, see Blundel and MaCurdy (1999).
The alternative models we will consider are (to the extent resources allow it):
-flexible preference models,
- marginal criteria models.
In what follows we would like to continue our previous analysis of analyzing married female labor supply.