Kneip, Alois; Merz, Monika; Storjohann, Lidia - C.E.P.R. Discussion Papers - 2013
This paper develops a statistical aggregation procedure for the Frisch elasticity of labor supply. It allows for worker heterogeneity and is applicable to an individual labor supply function with non-employment as a possible outcome. Subjecting all offered or paid wages to an unanticipated...