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Persistent link: https://www.econbiz.de/10013186446
In many occupations workers? labor supply choices are constrained by institutional rules regulating labor time and effort provision. This renders explicit tests of the neoclassical theory of labor supply difficult. Here we present evidence from studies examining labor supply responses in...
Persistent link: https://www.econbiz.de/10010261634
The canonical model of life-cycle labor supply predicts a positive response of labor supplied to transitory wage changes. We tested this prediction by conducting a randomized field experiment with bicycle messengers. In contrast to previous studies we can observe in which way working hours as...
Persistent link: https://www.econbiz.de/10010261772
Persistent link: https://www.econbiz.de/10011299830
Our paper aims at testing the intertemporal substitution hypothesis (ISH) for small and medium enterprises (SMEs) in Bosnia and Herzegovina. The hypothesis predicts a positive relationship between the hours worked and the transitory changes in wages. We tested the hypothesis using the data on...
Persistent link: https://www.econbiz.de/10011840852
Persistent link: https://www.econbiz.de/10012220939
these channels, we conduct laboratory consumption/saving experiments. A novel feature of our experiments is that we tie them … to a real-effort style task. In four treatments, we turn on and off the two channels for consumption smoothing: saving … consumption; (iv) saving and time shifting are substitutes, though not perfect substitutes. …
Persistent link: https://www.econbiz.de/10012175734
these channels, we conduct laboratory consumption/saving experiments. A novel feature of our experiments is that we tie them … to a real-effort style task. In four treatments, we turn on and off the two channels for consumption smoothing: saving … consumption; (iv) saving and time shifting are substitutes, though not perfect substitutes. …
Persistent link: https://www.econbiz.de/10012195562
We argue that using wage data alone, it is virtually impossible to identify whether Assortative Matching between worker and firm types is positive or negative. In standard competitive matching models the wages are determined by the marginal contribution of a worker, and the marginal contribution...
Persistent link: https://www.econbiz.de/10003809678
We extend the search-matching model of the marriage market of Shimer and Smith (2000) to allow for labor supply and home production. We characterize the steadystate equilibrium when exogenous divorce is the only source of risk. We study nonparametric identification using cross-section data on...
Persistent link: https://www.econbiz.de/10009715111