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We suggest the first large-scale international comparison of labor supply elasticities for 17 European countries and the US, separately by gender and marital status. Measurement differences are netted out by using a harmonized empirical approach and comparable data sources. We find that own-wage...
Persistent link: https://www.econbiz.de/10010287662
Despite numerous studies on labor supply, the size of elasticities is rarely comparable across countries. In this paper, we suggest the first large-scale international comparison of elasticities, while netting out possible differences due to methods, data selection and the period of...
Persistent link: https://www.econbiz.de/10010288270
impact of marriage. I find clear evidence that the elasticity of labor supply with respect to wages and taxes is affected by …This paper uses PSID data to analyze the effect of marital stability on the elasticity of labor supply in a life cycle … setting. I estimate the Frisch elasticity or the intertemporal elasticity of substitution of the labor supply focusing on the …
Persistent link: https://www.econbiz.de/10013045698
policies that distinguish between low effort and low productivity by targeting individuals with low wages rather than …
Persistent link: https://www.econbiz.de/10003373746
In a seminal paper, Camerer, Babcock, Loewenstein, and Thaler (1997) find that the wage elasticity of daily hours of …
Persistent link: https://www.econbiz.de/10010417960
Several theoretical contributions, starting with McElroy and Horney (1981) and Manser and Brown (1980), have suggested to model household behavior as a Nash-bargaining game. Since then, very few attempts have been made to operationalize cooperative models of household labor supply for policy...
Persistent link: https://www.econbiz.de/10013318736
of couples' commuting, wages, labor supply, and consumption. Using data from the PSID for the years 2011-2019, results … indicate a positive and highly significant correlation between wages and commuting when analyzed cross-sectionally. However …, changes in wages and commuting over an individual's life cycle are not related. Additionally, commuting appears to be …
Persistent link: https://www.econbiz.de/10014581485
I estimate a price elasticity of sickness absence. Sick leave is an intensive margin of labor supply where individuals … extensive controls including unobserved individual characteristics. I find a substantial price elasticity of sick leave, -0 …
Persistent link: https://www.econbiz.de/10013118389
In this report, we combine theory and empirical estimates for how labor earnings respond to changes in tax rates and …
Persistent link: https://www.econbiz.de/10013438713
We decompose permanent earnings risk into contributions from hours and wage shocks. To distinguish between hours shocks, modeled as innovations to the marginal disutility of work, and labor supply reactions to wage shocks we formulate a life-cycle model of consumption and labor supply. Both...
Persistent link: https://www.econbiz.de/10012160640