Chetty, Raj; Guren, Adam; Manoli, Day; Weber, Andrea - In: American Economic Review 101 (2011) 3, pp. 471-75
We evaluate whether state-of-the-art macro models featuring indivisible labor are consistent with modern quasi-experimental micro evidence by synthesizing evidence on both the intensive and extensive margins. We find that micro estimates are consistent with macro estimates of the steady-state...
