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Whereas the preferences of consumers are a cornerstone of market economies, the preferences of employees, e.g., regarding the preferred amount of paid labour, usually are not. However, we have strong evidence that differences between aspired and actually worked weekly hours have a serious...
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ILO pub. Article on comparison of causes and economic policy implications concerning unemployment in Germany, Federal …, considers effects of wages and social security benefits on labour mobility, analyses structural unemployment and frictional …
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between preferences and wages is key. To overcome this restriction, we propose a flexible estimation strategy that nests … elasticities derived from microeconometric models can also be explained by modeling assumptions with respect to wages. Specifically … very sensitive to the treatment of wages. In particular, the often-made but highly restrictive independence assumption …
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between preferences and wages is key. To overcome this restriction, we propose a flexible estimation strategy that nests … elasticities derived from microeconometric models can also be explained by modeling assumptions with respect to wages. Specifically … very sensitive to the treatment of wages. In particular, the often-made but highly restrictive independence assumption …
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