elasticities derived from microeconometric models can also be explained by modeling assumptions with respect to wages. Specifically … very sensitive to the treatment of wages. In particular, the often-made but highly restrictive independence assumption … between preferences and wages is key. To overcome this restriction, we propose a flexible estimation strategy that nests …

taken into account. We extend the neoclassical labor supply model in two directions. First, we allow for endogenous wages … differentials of part-time jobs, the model with endogenous wages predicts lower part-time employment than the standard neoclassical …

the one hand, wages are lowered and unemployment decreases, on the other hand, the individual labour supply decision is …

participation decision through different individual preferences from the indirect effects through wages. We can show that … index is therefore a suboptimal strategy. -- personality traits ; female labor supply ; wages …

, it reduces unemployment by exerting downward pressure on wages. This trade-off is quantitatively assessed using a …