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A Shred of Credible Evidence on the Long Run Elasticity of Labor Supply
Ashenfelter, Orley; Doran, Kirk; Schaller, Bruce - Industrial Relations Section, Department of Economics - 2009
The available estimates of the wage elasticity of male labor supply in the literature have varied between -0.2 and 0.2, implying that permanent wage increases have relatively small, poorly determined effects on labor supplied. The variation in existing estimates calls for a simple, natural...
Persistent link: https://www.econbiz.de/10010928337
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Incomplete Markets, Labor Supply and Capital Accumulation
Marcet, Albert; Obiols-Homs, Francesc; Weil, Philippe - Barcelona Graduate School of Economics (Barcelona GSE) - 2003
We explore the accumulation of capital in the presence of limited insurance against idiosyncratic shocks, borrowing constraints and endogenous labor supply. In the exogenous labor supply case (e.g. Aiyagari 1994, Huggett 1997), the presence of limited insurance increases the demand for savings...
Persistent link: https://www.econbiz.de/10010547387
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A Shred of Credible Evidence on the Long Run Elasticity of Labor Supply
Ashenfelter, Orley; Doran, Kirk; Schaller, Bruce - Industrial Relations Section, Department of Economics - 2009
The available estimates of the wage elasticity of male labor supply in the literature have varied between -0.2 and 0.2, implying that permanent wage increases have relatively small, poorly determined effects on labor supplied. The variation in existing estimates calls for a simple, natural...
Persistent link: https://www.econbiz.de/10008536813
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A Shred of Credible Evidence on the Long Run Elasticity of Labor Supply
Ashenfelter, Orley; Doran, Kirk; Schaller, Bruce - Industrial Relations Section, Department of Economics - 2009
The available estimates of the wage elasticity of male labor supply in the literature have varied between -0.2 and 0.2, implying that permanent wage increases have relatively small, poorly determined effects on labor supplied. The variation in existing estimates calls for a simple, natural...
Persistent link: https://www.econbiz.de/10005548191
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Optimal Minimum Wage Policy in Competitive Labor Markets
Lee, David S.; Saez, Emmanuel - Industrial Relations Section, Department of Economics - 2008
This paper provides a theoretical analysis of optimal minimum wage policy in a perfectly competitive labor market. We show that a binding minimum wage while leading to unemployment is nevertheless desirable if the government values redistribution toward low wage workers and if unemployment...
Persistent link: https://www.econbiz.de/10005738600
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Optimal Minimum Wage Policy in Competitive Labor Markets
Lee, David S.; Saez, Emmanuel - Industrial Relations Section, Department of Economics - 2008
This paper provides a theoretical analysis of optimal minimum wage policy in a perfectly competitive labor market. We show that a binding minimum wage while leading to unemployment is nevertheless desirable if the government values redistribution toward low wage workers and if unemployment...
Persistent link: https://www.econbiz.de/10011150165
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Optimal Minimum Wage Policy in Competitive Labor Markets
Lee, David S.; Saez, Emmanuel - Industrial Relations Section, Department of Economics - 2008
This paper provides a theoretical analysis of optimal minimum wage policy in a perfectly competitive labor market. We show that a binding minimum wage while leading to unemployment is nevertheless desirable if the government values redistribution toward low wage workers and if unemployment...
Persistent link: https://www.econbiz.de/10005558670
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The Effects of a Universal Child Benefit
González, Libertad - Barcelona Graduate School of Economics (Barcelona GSE) - 2011
I study the impact of a universal child benefit on fertility and family well-being. I exploit the unanticipated … that the benefit did lead to a significant increase in fertility, as intended, part of it coming from an immediate … results suggest that child benefits of this kind may successfully increase fertility, as well as affecting family well …
Persistent link: https://www.econbiz.de/10010547206
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Immigration, Wages, and Education: A Labor Market Equilibrium Structural Model
Llull, Joan - Barcelona Graduate School of Economics (Barcelona GSE) - 2013
This paper analyzes the effect of immigration on wages taking into account human capital and labor supply adjustments. Using U.S. micro-data for 1967-2007, I estimate a labor market equilibrium model that includes endogenous decisions on education, participation, and occupation, and allows for...
Persistent link: https://www.econbiz.de/10010851391
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Is Tomorrow Another Day? The Labor Supply of New York City Cab Drivers
Farber, Henry S. - Industrial Relations Section, Department of Economics - 2003
Persistent link: https://www.econbiz.de/10010928205