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. Even at the intensive margin, we find that the elasticity for women exceeds that for men. For men and women in the … Netherlands, we predict an uncompensated labour supply elasticity of 0.1 (or 0.2 if an alternative specification is preferred) and …
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find no compelling evidence that the choice of estimation method explains variation in elasticity estimates. From our … other important features: observation period and estimation method. We start with a thorough survey of existing evidence for …-analysis attempts to disentangle the role of time changes and estimation methods. We highlight the key role of time changes, documenting …
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Heterogeneous-agent New Keynesian models with sticky nominal wages usually assume that wage-setting unions demand the …, wages and inflation to monetary policy shocks becomes notably less pronounced. This attenuation reflects that hours worked … modification substantially lowers the effective stickiness of nominal wages, resulting in markedly different wage and inflation …
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retirement age. Wage increases have a modest impact on labor supply. The overall elasticity for nurses is close to zero (like for …
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retirement age. Wage increases have a modest impact on labor supply. The overall elasticity for nurses is close to zero (like for …
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This paper investigates the credit channel in Germany and the United Kingdom. The financial systems of these two … competition among credit intermediaries, resulting in a declining dependence on banks in Germany. …
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