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The aggregate Frisch elasticity of labor supply has played a key role in business cycle analysis. This paper develops a … individual labor supply function with non-employment as a possible outcome. Performing a thought experiment in which all offered … or paid wages are subject to an unanticipated temporary change, we can derive an analytical expression for the aggregate …
Persistent link: https://www.econbiz.de/10010204508
This paper investigates the inter-temporal structure of implicit taxes arise in unfunded pension schemes. We demonstrate that these tax rates are declining over the life cycle. Using German micro-data for men and married women we estimate periodic wage elasticities of labour supply in order to...
Persistent link: https://www.econbiz.de/10001679873
The aggregate Frisch elasticity of labor supply has played a key role in business cycle analysis. This paper develops a … individual labor supply function with non-employment as a possible outcome. Performing a thought experiment in which all offered … or paid wages are subject to an unanticipated temporary change, we can derive an analytical expression for the aggregate …
Persistent link: https://www.econbiz.de/10013073510
The aggregate Frisch elasticity of labor supply has played a key role in business cycle analysis. This paper develops a … individual labor supply function with non-employment as a possible outcome. Performing a thought experiment in which all offered … or paid wages are subject to an unanticipated temporary change, we can derive an analytical expression for the aggregate …
Persistent link: https://www.econbiz.de/10010209188
The paper investigates the impacts of demographic change on the financial sustainability of a pay-as-you-go social security system in an economy with unemployment caused by trade unions. Using a simple two-period overlapping generations approach, it can be shown that the trade union behavior...
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