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Survey measures of the reservation wage reflect both the consumption-leisure trade-off and job search concerns (the arrival rate of job offers and the wage distribution). We examine what a survey measure of the reservation wage reveals about labor supply when search concerns are absent. To this...
Persistent link: https://www.econbiz.de/10012226766
In this paper we develop a job portfolio model of dual job holding based on a Stone-Geary utility function. We derive the associated Slutsky equation components. Because the job portfolio model applies only to unconstrained dual jobholders, we separate individuals who moonlight because of an...
Persistent link: https://www.econbiz.de/10012783284
This paper studies the mechanisms and the extent to which parental wage risk passes through to children's skill development. Through a quantitative dynamic labor supply model in which two parents choose whether to work short or long hours or not work at all, time spent with children, and...
Persistent link: https://www.econbiz.de/10014457814
This paper studies the mechanisms and the extent to which parental wage risk passes through to children's skill development. Through a quantitative dynamic labor supply model in which two parents choose whether to work short or long hours or not work at all, time spent with children, and...
Persistent link: https://www.econbiz.de/10014464298
example, minimum wages. Using micro-data from the Dutch Socio-Economic Panel, we look at static models and compare results for …
Persistent link: https://www.econbiz.de/10014093753
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/10013000061
Motivated by the observation that access to evasion opportunities is distributed heterogeneously across the labor market, this paper examines the extent to which labor supply elasticities with respect to tax rates depend on such evasion opportunities. We first discuss the channels through which...
Persistent link: https://www.econbiz.de/10010337205
We document two robust features of the cross-sectional distribution of usual weekly hours and hourly wages. First … from individuals who work more than 50 hours. Second, mean hourly wages are non-monotonic across the usual hours …
Persistent link: https://www.econbiz.de/10013296462
In this paper, we employ both calibration and modern (Bayesian) estimation methods to assess the role of neutral and … the labor supply elasticity. Both a calibration procedure that uses modern assessments of the Frisch elasticity and the … estimation procedures result in technology shocks accounting for 2% to 9% of the variation in hours worked in the data. We infer …
Persistent link: https://www.econbiz.de/10013039322
We evaluate price subsidies and tax credits for child care. We focus on partnered women's labor supply, household income and welfare, demand for formal and informal child care and government expenditure. Using Australian data, we estimate a joint, discrete structural model of labor supply and...
Persistent link: https://www.econbiz.de/10013104958