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

Nordhaus framework as a key input into optimal patent policy design: namely, what is the elasticity of R&D investment with …

agent with Epstein-Zin utility. In the applicable region, the elasticity of the put-options price with respect to maturity … is close to one. The elasticity with respect to exercise price is greater than one, roughly constant, and depends on the …

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 …

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

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 …

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 …

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