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This paper reviews a variety of estimates of the demand and supply elasticities of educated labor. It finds that elasticities of substitution between more and less educated labor range fran 1.0 to 2.0 and that elasticities of the supply of students to colleges are also on the order of 1.0 to 2.0...
Persistent link: https://www.econbiz.de/10012478063
the intensive-margin macro elasticity of 0.34, an order of magnitude larger than the estimates obtained using standard …
Persistent link: https://www.econbiz.de/10012463032
Using industry-level data disaggregated by states, this paper finds a positive impact of trade liberalization on labor-demand elasticities in the Indian manufacturing sector. These elasticities turn out to be negatively related to protection levels that vary across industries and over time....
Persistent link: https://www.econbiz.de/10012468818
In this paper I try to determine whether international trade has been increasing the own-price elasticity of demand for … elasticity patterns. Thus the time series of labor-demand elasticities are explained largely by a residual, time itself. This …
Persistent link: https://www.econbiz.de/10012472549
uncertainty, is the overall elasticity of taxable income. We provide new estimates of this elasticity which address identification … income, and on variation in the elasticity of taxable income by income group. We find that the overall elasticity of taxable … income is approximately 0.4; the elasticity of real income, not including tax preferences, is much lower. We also estimate …
Persistent link: https://www.econbiz.de/10012471264
This paper uses a panel of individual tax returns and the `bracket creep' as source of tax rate variation to construct instrumental variables estimates of the sensitivity of income to changes in tax rates. From 1979 to 1981, the US income tax schedule was fixed in nominal terms while inflation...
Persistent link: https://www.econbiz.de/10012471417
compensated elasticity of income with respect to tax rates. These models are used to perform simulations of bunching and calibrate … the key parameters (the behavioral elasticity and the extent to which taxpayers control their income) to the empirical … income distributions. Except for low income earners, the behavioral elasticity consistent with the empirical results is small …
Persistent link: https://www.econbiz.de/10012471418
Demand elasticities and other features of demand are critical determinants of the answers to most positive and normative questions about market power or the functioning of markets in practice. As a result, reliable demand estimation is an essential input to many types of research in Industrial...
Persistent link: https://www.econbiz.de/10012629525
function of current unemployment and vacancy rates, and three sufficient statistics: elasticity of the Beveridge curve … remained at that level until 2019. These variations are caused by changes in the level and elasticity of the Beveridge curve …
Persistent link: https://www.econbiz.de/10012480417
countries. The cross-country income elasticity of establishment size is remarkably similar across sectors, about 0.3. We discuss …
Persistent link: https://www.econbiz.de/10012480621