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This paper argues that labor supply elasticities encode information about the determinants of income inequality. In the theoretical framework, individuals choose labor supply conditional on productivities and preferences for consumption relative to leisure. The paper shows that reduced-form...
Persistent link: https://www.econbiz.de/10012844682
This paper argues that labor supply elasticities encode information about the determinants of income inequality. In the theoretical framework, individuals choose labor supply conditional on productivities and preferences for consumption relative to leisure. The paper shows that reduced-form...
Persistent link: https://www.econbiz.de/10012228176
Persistent link: https://www.econbiz.de/10012210079
Persistent link: https://www.econbiz.de/10001612488
elasticity of labor supply can be near zero. This paper proposes a tractable theory of earnings and working time to interpret … data, revealing a Frisch elasticity of around 0.5. A quasi-experimental approach that exploits only idiosyncratic variation … would find an elasticity less than half this. …
Persistent link: https://www.econbiz.de/10014335862
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for. Additionally, we demonstrate how the elasticity of labour supply depends on the parameters of the status production …
Persistent link: https://www.econbiz.de/10003779044
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