Showing 1 - 10 of 583
In search and bargaining models, the effect of higher wages on employment is determined by the elasticity of the job … restrictions implied by such models and to evaluate the elasticity of the job creation curve. The main difference between a job … restrictions implied by search and bargaining theory and, using 10-year differences, we estimate the elasticity of the job creation …
Persistent link: https://www.econbiz.de/10012462862
function of current unemployment and vacancy rates, and three sufficient statistics: elasticity of the Beveridge curve … remained at that level until 2019. These variations are caused by changes in the level and elasticity of the Beveridge curve …
Persistent link: https://www.econbiz.de/10012480417
This paper documents the increase in the use of lump-sum payments and profit sharing plans in union contracts in the 1980s, and evaluates the extent to which these innovations may have contributed to moderation in the growth of labor costs, and increased pay flexibility. We find evidence that...
Persistent link: https://www.econbiz.de/10012475385
This paper uses a panel of individual tax returns and the `bracket creep' as source of tax rate variation to construct instrumental variables estimates of the sensitivity of income to changes in tax rates. From 1979 to 1981, the US income tax schedule was fixed in nominal terms while inflation...
Persistent link: https://www.econbiz.de/10012471417
compensated elasticity of income with respect to tax rates. These models are used to perform simulations of bunching and calibrate … the key parameters (the behavioral elasticity and the extent to which taxpayers control their income) to the empirical … income distributions. Except for low income earners, the behavioral elasticity consistent with the empirical results is small …
Persistent link: https://www.econbiz.de/10012471418
This paper reviews a variety of estimates of the demand and supply elasticities of educated labor. It finds that elasticities of substitution between more and less educated labor range fran 1.0 to 2.0 and that elasticities of the supply of students to colleges are also on the order of 1.0 to 2.0...
Persistent link: https://www.econbiz.de/10012478063
We provide new estimates of the separations elasticity, a proximate determinant of the labor supply facing a firm with …
Persistent link: https://www.econbiz.de/10012481303
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/10012461929
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
the intensive-margin macro elasticity of 0.34, an order of magnitude larger than the estimates obtained using standard …
Persistent link: https://www.econbiz.de/10012463032