Domeij, David; Floden, Martin - Economics Institute for Research (SIR), … - 2001
The labor-supply elasticity is a central element in many macroeconomic models. We argue that assumptions underlying … previous econometric estimates of the intertemporal labor supply elasticity are inconsistent with incomplete markets economies …The labor-supply elasticity and borrowing constraints:
Why estimates are biased
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SSE/EFI Working Paper Series in …