Löffler, Max; Peichl, Andreas; Siegloch, Sebastian - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014
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...