through their internal networks of establishments. During the Great Recession, the massive decline in house prices caused a …-level employment with respect to house prices in other counties in which the firm has establishments. At the same time, establishments … of firms with larger regional networks exhibit lower employment elasticities with respect to local house prices in the …

the micro level means that the aggregate labour supply elasticity is not a structural parameter: any aggregate elasticity …

In a seminal paper, Camerer, Babcock, Loewenstein, and Thaler (1997) find that the wage elasticity of daily hours of …

impact, and its persistence, depend on the ratio of two parameters: the long-run interest rate elasticity of money demand and … the intertemporal substitution elasticity. At the same time, the model has completely classical long-run predictions …

labor supply elasticities were small, recent work has identified three key reasons that the aggregate elasticity may be …

assumptions about the long run effect of wages rates on labor supply. The available estimates of the wage elasticity of male labor … function. Our estimates suggest that the elasticity of labor supply is about -0.2, implying that income effects dominate …

to 2005, we examine the effects of gasoline prices on the automotive fleet's composition. We find that high gasoline … prices affect fleet fuel economy through two channels: (1) shifting new auto purchases towards more fuel-efficient vehicles … estimates suggest that a 10% increase in gasoline prices from 2005 levels will generate a 0.22% increase in fleet fuel economy …

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 … residual for changing factor prices over time, there also appears to be a large unexplained residual for changing factor demand …