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choices in explaining the large variation in elasticity size observed across studies. While some recent studies show that …
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There is still considerable dispute about the magnitude of labor supply elasticities. While differences in micro and macro estimates are recently attributed to frictions and adjustment costs, we show that relatively low labor supply elasticities derived from microeconometric models can also be...
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finding is especially strong on the extensive margin where the elasticity for a wage decrease is twice that for a wage …
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Global impact assessment of unilateral climate policies is commonly based on multi‐sector, multi‐region computable general equilibrium (CGE) models that are calibrated to consistent accounts of production, consumption, and bilateral trade flows. However, global economic databases such as...
Persistent link: https://www.econbiz.de/10009661223
. Building on 942 elasticity estimates from 105 different studies, we identify sources of variation in the absolute value of this … elasticity. Heterogeneity due to the theoretical and empirical specification of the labor demand model, different datasets used … evidence for the presence of publication selection bias, as estimates of the own-wage elasticity of labor demand are upwardly …
Persistent link: https://www.econbiz.de/10010249633
(electricity and heating) in Germany. Using official expenditure data from 1993 to 2008, we estimate an expenditure elasticity for … electricity of 0.3988 and of 0.4055 for space heating. The own price elasticity for electricity is -0.4310 and -0.5008 in the case … increases in energy prices show a regressive pattern of incidence, implying that the welfare consequences of direct energy …
Persistent link: https://www.econbiz.de/10011503007