Compensated Labor Supply Probabilities and Slutsky Elasticities in Discrete Labor Supply Models

This paper discusses the calculation of compensated choice probabilities in random utility models. The methodology of Compensating Variation and Compensated Choice Probability was developed recently by Dagsvik and Karlström (2005). In this paper we demonstrate how one can apply this methodology in practice. In particular, we compute compensated labor supply probabilities and Slutsky elasticities in a particular discrete labor supply mode

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Year of publication:	2013-02
Authors:	Steinar, Strom ; Marilena, Locatelli ; Dagsvik John K.
Institutions:	Dipartimento di Economia e Statistica "Cognetti de Martiis", Università degli Studi di Torino

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Extent:	application/pdf
Series:	Department of Economics and Statistics Cognetti de Martiis. Working Papers.
Type of publication:	Book / Working Paper
Notes:	27 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010633120