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shocks improves the model fit considerably. The empirical strategy allows for the estimation of the Marshallian labor supply … elasticity without the use of consumption or asset data. We find this elasticity on average to be negative, but small. The degree … Income Dynamics (PSID) für die USA zeigen, dass sowohl Lohn- als auch Stundenshocks eine wichtige Rolle für die Erklärung der …
Persistent link: https://www.econbiz.de/10011911518
This paper investigates the inter-temporal structure of implicit taxes that arise in unfunded pension schemes. We demonstrate that these tax rates are declining over the life cycle. Using German micro-data for men and married women we estimate periodic wage elasticities of labour supply in order...
Persistent link: https://www.econbiz.de/10013320477
find no compelling evidence that the choice of estimation method explains variation in elasticity estimates. From our … other important features: observation period and estimation method. We start with a thorough survey of existing evidence for …-analysis attempts to disentangle the role of time changes and estimation methods. We highlight the key role of time changes, documenting …
Persistent link: https://www.econbiz.de/10011664186
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/10013073511
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-bene t simulations). Meta-analysis evidence suggests …
Persistent link: https://www.econbiz.de/10013074142
Shortage of nurses is a problem in several countries. It is an unsettled question whether increasing wages constitute a …,638 individuals over 6 years totalling 69,122 observations. The estimated wage elasticity after controlling for individual …
Persistent link: https://www.econbiz.de/10011539026
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/10011418892
Shortage of nurses is a problem in several countries. It is an unsettled question whether increasing wages constitute a …,638 individuals over 6 years totalling 69,122 observations. The estimated wage elasticity after controlling for individual …
Persistent link: https://www.econbiz.de/10001712356
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/10013137788
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/10013097875