labor supply elasticities were small, recent work has identified three key reasons that the aggregate elasticity may be …

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 …

the micro level means that the aggregate labour supply elasticity is not a structural parameter: any aggregate elasticity …

elasticity of labor supply. Thus, our results uncover the previously undocumented power of words in the job matching process …

through their internal networks of establishments. During the Great Recession, the massive decline in house prices caused a …-level employment with respect to house prices in other counties in which the firm has establishments. At the same time, establishments … of firms with larger regional networks exhibit lower employment elasticities with respect to local house prices in the …