Fiorito, Riccardo; Zanella, Giulio - In: Review of Economic Dynamics 15 (2012) 2, pp. 171-187
We show that the aggregate Frisch elasticity of labor supply can greatly exceed the corresponding individual-level parameter, and we illustrate the "anatomy" of the former in terms of intensive and extensive margins. The methodology consists of using micro data from the PSID to construct a panel...