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earnings with an inter-temporal elasticity of .025 overall. High wage income earners and especially the self-employed display …
Persistent link: https://www.econbiz.de/10012918620
A large literature evaluating the welfare effects of taxation has examined the role of the labor supply elasticity, and … effect on each margin is created by a different tax wedge. Finally, ignoring the composition of the labor supply elasticity … the total labor supply elasticity is as important as its size …
Persistent link: https://www.econbiz.de/10013227220
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/10013229077
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/10013238734
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/10013115279
rate formula as a function of the three corresponding behavioral elasticities. The first elasticity (labor supply) is the … elasticity (avoidance) through tax enforcement and tax neutrality across income forms. The optimal top tax rate increases with … the third elasticity (bargaining) as bargaining efforts are zero-sum in aggregate. We provide evidence using cross …
Persistent link: https://www.econbiz.de/10013118130
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 …
Persistent link: https://www.econbiz.de/10013118840
labor supply elasticities were small, recent work has identified three key reasons that the aggregate elasticity may be …
Persistent link: https://www.econbiz.de/10013120287
In search and bargaining models, the effect of higher wages on employment is determined by the elasticity of the job … restrictions implied by such models and to evaluate the elasticity of the job creation curve. The main difference between a job … restrictions implied by search and bargaining theory and, using 10-year differences, we estimate the elasticity of the job creation …
Persistent link: https://www.econbiz.de/10013147357
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 …
Persistent link: https://www.econbiz.de/10013147611