Kneip, Alois; Merz, Monika; Storjohann, Lidia - Institute for the Study of Labor (IZA) - 2013
The aggregate Frisch elasticity of labor supply has played a key role in business cycle analysis. This paper develops a statistical aggregation procedure which allows for worker heterogeneity in observables and unobservables and is applicable to an individual labor supply function with...
