A body of recent empirical work has found strong evidence that the labor elasticity of supply to the firm is finite … inter-war period, we are able to estimate the elasticity of supply to the firm during several recessions and expansions. Our … analysis suggests that the elasticity is indeed lower during recessions, consistent with the comparative statics from the …

labor supply elasticity. For this purpose, we extend the standard labor market matching model to allow for endogenous … correlation of unemployment and GDP, implies an aggregate labor supply elasticity along the extensive margin of around 0.3 for men … participation ; labor supply elasticity …

Stochastic shocks to aggregate labor supply elasticity are introduced into a real-business-cycle setup augmented with a … board arrange-ment (1999-2018). The quantitative importance of a stochastic aggregate labor supply elasticity parameter is … the variability of hours, and lowers the correlation between hours and wages, and thus is found to be quantitatively …

measures for the United States, Germany, and the United Kingdom over the period 1980Q1 to 2018Q2. Employing Romer and Romer … extant literature. Furthermore, we estimate state-dependent elasticities. Our conclusions are as follows. (i) In Germany and …

cycle in Germany and in the United States. Previous research has found that, firstly, the extensive margin dominates and … Germany it is quite volatile over time. In general the intensive margin in Germany is more important than in the United States … Great Recession and the subsequent time period the intensive margin is dominant in Germany independent of the choice of the …

Using administrative data from Germany, this paper analyzes the relation between wages and past and current labor … wages are related to past labor market conditions as contract theories postulate. However, past labor market conditions also … affect contemporaneous wages through the evolution of the match qualities over a worker's job history - the main hypothesis …

Using administrative employer-employee data from Germany, we investigate the relationship between wages and past and … find strong evidence for history dependent wages, manifested in both hiring and retention premiums - which is consistent … match quality, we find that wages of new hires from unemployment are no more cyclical, but those of job changers are more …