The labor supply elasticity of an individual household and the aggregate labor supply elasticity of all households can … distribution of reservation wages. This article presents a model economy where earnings and wealth distributions are comparable to … those in the microdata. The aggregate labor supply elasticity of such an economy is around one — greater than the typical …

This paper focuses on the relationship between wages and supply of informal care to elderly parents. Unlike most of the … wave of the Health and Retirement Study, the results show that the wage elasticity of informal care supply is negative and … larger in magnitude than has been found previously. The lower bound of this elasticity is estimated to be -1.8 for males and …

the value of the extensive-margin labor supply elasticity is, the stronger the first channel is. Wage rigidity helps …