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labor supply elasticities were small, recent work has identified three key reasons that the aggregate elasticity may be … estimates for aggregate labor supply. Third, structural estimation of responses along the extensive (i.e., employment) margin …
Persistent link: https://www.econbiz.de/10013120287
the micro level means that the aggregate labour supply elasticity is not a structural parameter: any aggregate elasticity …
Persistent link: https://www.econbiz.de/10013019870
We provide new estimates of the separations elasticity, a proximate determinant of the labor supply facing a firm with … biased by mismeasured wages and use of wage variation unrelated to firm choices. We estimate the impact of the firm component …-experimental evidence, and that they are approximately 3 to 4 times larger that those using individual wages. Further, we find lower …
Persistent link: https://www.econbiz.de/10013294957
of monopsony. We use an exogenous change in wages at Veterans Affairs hospitals as a natural experiment to investigate … supply to individual hospitals is quite inelastic, with short-run elasticity around 0.1. We also find that non-VA hospitals … responded to the VA wage change by changing their own wages …
Persistent link: https://www.econbiz.de/10013322876
This paper investigates three hypotheses to account for the observed shifts in U.S. relative wages of less educated … inequality among these groups but it could have contributed to the decline in wages for the least educated. Instead, support is …
Persistent link: https://www.econbiz.de/10012763662
assumptions about the long run effect of wages rates on labor supply. The available estimates of the wage elasticity of male labor … which men can change their hours of work, and in which wages have been exogenously and permanently changed. We introduce a … function. Our estimates suggest that the elasticity of labor supply is about -0.2, implying that income effects dominate …
Persistent link: https://www.econbiz.de/10013147611
We measure the impact of measurement error in labor-supply elasticities estimated over recalled usual work hours, as is ubiquitous in the literature. Employing hours of work in diaries collected by the American Time Use Survey, 2003-12, along with the same respondents' recalled usual hours, we...
Persistent link: https://www.econbiz.de/10012977624
In a seminal paper, Camerer, Babcock, Loewenstein, and Thaler (1997) find that the wage elasticity of daily hours of …
Persistent link: https://www.econbiz.de/10013045277
elasticity of labor supply to the wage elasticity and (2) the degree of complementarity between consumption and labor. I bound … labor supply elasticity estimates from thirty-three studies, I find a mean estimate of g = 1. I then show that generating g …
Persistent link: https://www.econbiz.de/10013238734
rate formula as a function of the three corresponding behavioral elasticities. The first elasticity (labor supply) is the … elasticity (avoidance) through tax enforcement and tax neutrality across income forms. The optimal top tax rate increases with … the third elasticity (bargaining) as bargaining efforts are zero-sum in aggregate. We provide evidence using cross …
Persistent link: https://www.econbiz.de/10013118130