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-bene?t systems and distribution of incomes and wages. These sources of heterogeneity are exploited together with di?erent labor …
Persistent link: https://www.econbiz.de/10010291263
In-work transfers are often seen as a good trade-off between redistribution and efficiency, as they alleviate poverty among low-wage households while increasing financial incentives to work. The present study explores the consequences of extending these transfers in Ireland, where support for...
Persistent link: https://www.econbiz.de/10010292897
In-work transfers are often seen as a good trade-off between redistribution and efficiency, as they alleviate poverty among low-wage households while increasing financial incentives to work. The present study explores the consequences of extending these transfers in Ireland, where support for...
Persistent link: https://www.econbiz.de/10008550012
When wages increase with work experience, estimation of standard labor supply models that assume exogenous wage … formation suffers from omitted variable bias and produces downward-biased estimates of the intertemporal elasticity of … substitution (IES). We test this theory in a novel way. Using a large data set of the daily labor supply decisions of Florida …
Persistent link: https://www.econbiz.de/10012954598
elasticity is obtained from the Panel Study of Income Dynamics (PSID). The aggregate, time-series, elasticity is estimated from … lifecycle labor supply model with home production. We find an individual elasticity of approximately 0.1, a low value that is in … accordance with standard micro estimates. At the same time, we find an aggregate elasticity near 1. This result derives from a …
Persistent link: https://www.econbiz.de/10013159071
observed difference in average wage rates (OECD 2011). This theory-based utility function could be then utilized to study labor …
Persistent link: https://www.econbiz.de/10011498644
We investigate bunching at personal tax thresholds over a 40-year period. At kinks, where the marginal tax rate rises, we find bunching among company owner-managers and the self-employed, but not those with only employment income. Notches, where the average rate rises, provide compelling...
Persistent link: https://www.econbiz.de/10011718847
observed difference in average wage rates (OECD 2011). This theory-based utility function could be then utilized to study labor …
Persistent link: https://www.econbiz.de/10011565454
In the United States, the employment rate is nearly flat across wealth quintiles with the exception of the first quintile. Correlations between wealth and employment are close to zero or moderately positive. However, incomplete markets models with a standard utility function counterfactually...
Persistent link: https://www.econbiz.de/10011818431
The Frisch elasticity of labor supply can be estimated by regressing hours worked on the hourly wage rate, controlling … consumption. We develop an improved estimation approach that eliminates this bias by exploiting information on the composition of …
Persistent link: https://www.econbiz.de/10012493758