Evers, Michiel (contributor); Mooij, Ruud A. de (contributor) - 2005
labour supply with respect to the wage rate plays a critical role in many
economic policy analyses. For example, its value … the value of the elasticity that should be used in economic policy analyses. To
illustrate, Prescott (2004) explains the …
elasticities to be used in economic policy analysis.
The rest of this paper is organised as follows. Section 2 gives a brief …