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demand, the size of the price change, and the degree of frictions. The degree of frictions is measured by the utility losses … labor supply elasticity of 0.33 on the intensive margin and 0.25 on the extensive margin after accounting for frictions …
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adjustment costs or inattention. The bounds are a function of the observed effect of a price change on demand, the size of the … estimates from twenty existing studies yields bounds on the intensive margin labor supply elasticity of (0.47,0.54)"--National …
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I examine effects of labor income taxation in life‐cycle models with human capital accumulation. In this case, the opportunity cost of time equals the wage plus returns to work experience. This has several interesting consequences: First, the data appear consistent with larger labor supply...
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large public finance literature estimating the elasticity of taxable income and quantifying the efficiency loss from … allocation corresponds to an elasticity of taxable income with respect to the net-of-tax rate in the range 0.15-0.35. …
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