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Persistent link: https://www.econbiz.de/10003610712
countries. The cross-country income elasticity of establishment size is remarkably similar across sectors, about 0.3. We discuss …
Persistent link: https://www.econbiz.de/10012480621
elasticity of revenues with respect to the tax rate over a ten-year period is -0.5 to -0.3, indicating that capital gains tax …
Persistent link: https://www.econbiz.de/10012481253
elasticity of trade with respect to trade frictions. We develop a new simulated method of moments estimator to estimate this … elasticity from disaggregate price and trade-flow data and we use it within Eaton and Kortum's (2002) Ricardian model. We apply … elasticity of roughly four, nearly fifty percent lower than Eaton and Kortum's (2002) approach. This difference doubles the …
Persistent link: https://www.econbiz.de/10012461861
assumptions about the long run effect of wages rates on labor supply. The available estimates of the wage elasticity of male labor … function. Our estimates suggest that the elasticity of labor supply is about -0.2, implying that income effects dominate …
Persistent link: https://www.econbiz.de/10012462909
values, the elasticities of wages, prices, taxes, and government transfers with respect to national labor supplies, as well …
Persistent link: https://www.econbiz.de/10012464157
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/10012464197
One of the most important behavioral parameters in macroeconomics is the elasticity of intertemporal substitution (EIS …
Persistent link: https://www.econbiz.de/10012466726
By reducing risk of large out-of-pocket medical expenses, comprehensive social health insurance may reduce households' motivation to engage in precautionary behaviors such as saving, procurement of private insurance, and spousal labor-force participation. We use the natural experiment provided...
Persistent link: https://www.econbiz.de/10012469309
This paper investigates and extends the computationally attractive nonparametric random coefficients estimator of Fox, Kim, Ryan, and Bajari (2011). We show that their estimator is a special case of the nonnegative LASSO, explaining its sparse nature observed in many applications. Recognizing...
Persistent link: https://www.econbiz.de/10012109678