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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
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
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
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
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
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
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 (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
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
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