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Does Indivisible Labor Explain the Difference Between Micro and Macro Elasticities? A Meta-Analysis of Extensive Margin Elasticities
Chetty, Raj - 2011
Macroeconomic calibrations imply much larger labor supply elasticities than microeconometric studies. One prominent explanation for this divergence is that indivisible labor generates extensive margin responses that are not captured in micro studies of hours choices. We evaluate whether existing...
Persistent link: https://www.econbiz.de/10012461929
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Adjustment Costs, Firm Responses, and Micro vs. Macro Labor Supply Elasticities : Evidence from Danish Tax Records
Chetty, Raj - 2009
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
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Bounds on Elasticities with Optimization Frictions : A Synthesis of Micro and Macro Evidence on Labor Supply
Chetty, Raj - 2009
labor supply elasticity of 0.33 on the intensive margin and 0.25 on the extensive margin after accounting for frictions …
Persistent link: https://www.econbiz.de/10012463033
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A Bound on Risk Aversion Using Labor Supply Elasticities
Chetty, Raj - 2006
elasticity of labor supply to the wage elasticity and (2) the degree of complementarity between consumption and labor. I bound … labor supply elasticity estimates from thirty-three studies, I find a mean estimate of g = 1. I then show that generating g …
Persistent link: https://www.econbiz.de/10012466602
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A New Method of Estimating Risk Aversion
Chetty, Raj - 2003
ratio of the income elasticity of labor supply to the wage elasticity, holding fixed the degree of complementarity between … a calibration argument showing that a positive uncompensated wage elasticity, as found in most studies of labor supply …
Persistent link: https://www.econbiz.de/10012468704