The aggregate Frisch elasticity of labor supply has played a key role in business cycle analysis. This paper develops a … or paid wages are subject to an unanticipated temporary change, we can derive an analytical expression for the aggregate … Frisch elasticity and illustrate its main components: (i) the intensive and extensive adjustment of hours worked, (ii) the …

This paper focuses on the relationship between wages and supply of informal care to elderly parents. Unlike most of the … wave of the Health and Retirement Study, the results show that the wage elasticity of informal care supply is negative and … larger in magnitude than has been found previously. The lower bound of this elasticity is estimated to be -1.8 for males and …

Labour Dynamics in Australia (HILDA) Survey. Estimation of this elasticity is of particular interest not only in its own …In this paper we estimate the elasticity of the labour supply to a firm, using data from the Household, Income and … intuition is that, where workers have heterogeneous preferences or face mobility costs, firms can offer lower wages without …

should be higher, about 2.2. Together with prior estimates of the quit elasticity these results imply that wages are 72 77 … offered wage, but there is very little research on this. This paper presents a methodology for estimating the wage elasticity … of recruitment and applies it to German data. Our estimates of the wage elasticity of recruitment are about 1.4. We also …

Using cross-country data, we investigate the determinants of reservation wages and their course over the jobless spell …. Higher unemployment benefits lead to higher reservation wages. Further, again consistent with the basic search model …, repeated observations on the same individual provide scant evidence of declining reservation wages …

Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment … rather than wages, at odds with the quantitative predictions of the canonical search model – even if wages are only … reservation wages, and consider an alternative reservation wage model based on reference dependence in job search. This extension …

higher education graduates. On average, accepted wages are almost 8% higher than reservation wages, but there is no fixed …

income taxation on the ratio between reservation and net market wages. Based on micro data for Germany (SOEP) we show that …This paper extends previous research about the determinants of reservation wages by analysing the effect of progressive … joint income taxation in Germany which discriminates by marital status, has a strong and highly significant impact on the …