model are comparable to those in the micro data. We find that the aggregate labor supply elasticity of such an economy is …

Traditionally, labor supply data do not include much information on hours and wages in secondary job or overtime work …. In this paper, we estimate labor supply models based on survey information on hours and wages in overtime work and second … second job wages. However, when the model allows for stigmatization effects and unobserved fixed costs of work in second job …

The empirical values of the response of labor supply to changes in wages, taxes, fertility, family structure and social … the variations in estimates due to changes in statistical methods or do not seem to be very important. Thus, the wage-elasticity …

There is a long standing controversy over the magnitude of the Frisch labor supply elasticity. Macro economists using … of the OLS bias, which is negative. As a result, Frisch elasticity estimates near zero appear (spuriously) precise, while … positive Frisch elasticity. Fortunately, the Anderson-Rubin (AR) test does not su ff er from this power asymmetry problem. The …

consistent with economic theory. The general model we suggest may provide future research with an interesting setting to test …