Showing 1 - 10 of 6,652
between preferences and wages is key. To overcome this restriction, we propose a flexible estimation strategy that nests … elasticities derived from microeconometric models can also be explained by modeling assumptions with respect to wages. Specifically … very sensitive to the treatment of wages. In particular, the often-made but highly restrictive independence assumption …
Persistent link: https://www.econbiz.de/10010379275
that results are very sensitive to the treatment of hourly wages in the estimation. For example, different (sensible …) choices concerning the modeling of the underlying wage distribution and especially the imputation of (missing) wages lead to …
Persistent link: https://www.econbiz.de/10011820320
how the magnitude of the estimated elasticities varies depending on whether net or gross wages and income are used in the … estimation procedure, and quantify biases caused by using average instead of marginal tax rates. Finally, because marginal tax … changes in their own or spouses' wages. -- labour supply ; elasticities ; labour force participation ; taxes ; Canada …
Persistent link: https://www.econbiz.de/10009533360
This paper focuses on the relationship between wages and supply of informal care to elderly parents. Unlike most of the … wave of the Health and Retirement Study, the results show that the wage elasticity of informal care supply is negative and … larger in magnitude than has been found previously. The lower bound of this elasticity is estimated to be -1.8 for males and …
Persistent link: https://www.econbiz.de/10009008848
The aggregate Frisch elasticity of labor supply has played a key role in business cycle analysis. This paper develops a … or paid wages are subject to an unanticipated temporary change, we can derive an analytical expression for the aggregate … Frisch elasticity and illustrate its main components: (i) the intensive and extensive adjustment of hours worked, (ii) the …
Persistent link: https://www.econbiz.de/10010204508
Frisch elasticity. We estimate Frisch elasticity at around 0.38, which indicates fairly adjustable wages and little reaction …We estimate Frisch elasticity in a labor market with high job turnover. In a context where only around 18% of the … employed labor force has formal and stable jobs, we perform a fixed effects estimation as proposed by MaCurdy (1981) with a …
Persistent link: https://www.econbiz.de/10009664848
finding is especially strong on the extensive margin where the elasticity for a wage decrease is twice that for a wage …
Persistent link: https://www.econbiz.de/10011450669
The uncompensated wage elasticity of labor supply is a fundamental parameter in economics. Despite its central role … supply elasticity using cross-sectional methods over the last four decades. We find robust evidence that the elasticities …
Persistent link: https://www.econbiz.de/10014334894
choices in explaining the large variation in elasticity size observed across studies. While some recent studies show that … focus here on time changes and estimation methods as key contributors of the differences across studies. Both factors can … the Hausman estimation approach to discrete-choice models with tax-benefit simulations). Meta-analysis evidence suggests …
Persistent link: https://www.econbiz.de/10010204509
preferences. We derive important implications for research on optimal taxation. -- household labor supply ; elasticity ; taxation …
Persistent link: https://www.econbiz.de/10009310155