Showing 1 - 10 of 163
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. In particular, if the econometrician ignores...
Persistent link: https://www.econbiz.de/10001626699
Persistent link: https://www.econbiz.de/10000892676
Persistent link: https://www.econbiz.de/10000969951
increases in total sick leave per person employed and vice versa. These findings are reinforced in a panel study covering the …
Persistent link: https://www.econbiz.de/10001600070
We examine a number of personnel practices, laws and regulations that lower the supply of labor in the Japanese economy. Broadly speaking, there are two kinds of impediments, those that restrict the movement of labor between firms, and those that discourage women from participating to a greater...
Persistent link: https://www.econbiz.de/10001673633
Guided by a simple theory of task assignment and time allocation, we investigate the long run response to national differences in tax rates on labor income, payrolls and consumption. The theory implies that higher tax rates reduce work time in the market sector, increase the size of the shadow...
Persistent link: https://www.econbiz.de/10002099742
In this paper we present a unit root test against a nonlinear dynamic heterogenous panel with each cross section …
Persistent link: https://www.econbiz.de/10002595402
illustrated. -- Bayesian panel regression ; parametric covariance ; model selection …
Persistent link: https://www.econbiz.de/10002595455
In this paper we derive a unit root test against a Panel Logistic Smooth Transition Autoregressive (PLSTAR). The …, finite sample properties of the test are examined. We highlight scenarios under which the traditional panel unit root tests … by Harris and Tzavalis have inferior or reasonable power compared to our test. -- Dynamic nonlinear panel ; Smooth …
Persistent link: https://www.econbiz.de/10002577852
Persistent link: https://www.econbiz.de/10000991637