Fiorito, Riccardo; Zanella, Giulio - Dipartimento di Economia Politica e Statistics, … - 2008
In this paper we compare “micro” and “macro” labor supply elasticities in a MaCurdy-type equation. Using PSID data, we obtain the micro elasticity from standard panel techniques, and the macro elasticity from the time series generated by aggregating individuals every year. This procedure...