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Does Indivisible Labor Explain the Difference between Micro and Macro Elasticities? A Meta-Analysis of Extensive Margin Elasticities

Chetty, Raj - 2012

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

Reconciling Micro and Macro Labor Supply Elasticities : A Structural Perspective

Keane, Michael P. - 2011

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

Estimating Trade Elasticities : Demand Composition and the Trade Collapse of 2008-09

Bussière, Matthieu - 2012

This paper introduces a new methodology for the estimation of demand trade elasticities based on an import intensity-adjusted measure of aggregate demand, with the foundation of a stylized theoretical model. We compute the import intensity of demand components by using the OECD Input-Output...

Persistent link: https://www.econbiz.de/10013112619

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/10012786381

Methods Versus Substance : Measuring the Effects of Technology Shocks on Hours

Rios-Rull, Jose-Victor - 2018

the labor supply elasticity. Both a calibration procedure that uses modern assessments of the Frisch elasticity and the …

Persistent link: https://www.econbiz.de/10012940704

The Economic Consequences of the International Migration of Labor

Hanson, Gordon H. - 2010

values, the elasticities of wages, prices, taxes, and government transfers with respect to national labor supplies, as well …

Persistent link: https://www.econbiz.de/10012758151

How Do Gasoline Prices Affect Fleet Fuel Economy?

Li, Shanjun - 2010

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 …

Persistent link: https://www.econbiz.de/10012758243

Gender Based Taxation and the Division of Family Chores

Alesina, Alberto F. - 2010

Gender-Based Taxation (GBT) satisfies Ramsey's rule of optimality because it taxes at a lower rate the more elastic labor supply of women. This holds when different elasticities between men and women are taken as exogenous. We study GBT in a model in which labor supply elasticities emerge...

Persistent link: https://www.econbiz.de/10012759662

Micro and Macro Elasticities in a Life Cycle Model with Taxes

Rogerson, Richard - 2010

We build a life cycle model of labor supply that incorporates changes along both the intensive and extensive margin and use it to assess the consequences of changes in tax and transfer policies on equilibrium hours of work. We find that changes in taxes have large aggregate effects on hours of...

Persistent link: https://www.econbiz.de/10012760196

Labor Supply Elasticities : Overcoming Nonclassical Measurement Error Using More Accurate Hours Data

Barrett, Garry F. - 2016

We measure the impact of measurement error in labor-supply elasticities estimated over recalled usual work hours, as is ubiquitous in the literature. Employing hours of work in diaries collected by the American Time Use Survey, 2003-12, along with the same respondents' recalled usual hours, we...

Persistent link: https://www.econbiz.de/10012977624