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the intertemporal labor supply elasticity. However this estimation is potentially quite difficult with micro data since … impressive given that we use different estimation approaches (micro data versus synthetic cohorts) and different consumption …
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This paper provides estimates for the Mercosur countries of the Frisch elasticity - i.e., the elasticity of substitution between worked hours and real wages holding constant the marginal utility of wealth. We find a strong heterogeneity, with estimated elasticities ranging from 12.8 in Argentina...
Persistent link: https://www.econbiz.de/10009422476
This paper provides estimates for the Mercosur countries of the Frisch elasticity – i.e., the elasticity of substitution between worked hours and real wages holding constant the marginal utility of wealth. We find a strong heterogeneity, with estimated elasticities ranging from 12.8 in...
Persistent link: https://www.econbiz.de/10013120132
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