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Although discrete hours choice models have become the workhorse in labor supply analyses. Yet, they are often criticized for being a black box due to their numerous underlying modeling assumptions, with respect to, e.g., the functional form, unobserved error components or several exogeneity...
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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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This paper deals with discrete labour supply decisions of different groups of persons in response to a change in net wage rates. The centrepiece of this approach is individuals' switching between working time categories, while facing switching costs that arise when people expand or reduce...
Persistent link: https://www.econbiz.de/10010374437
The aggregate Frisch elasticity of labor supply has played a key role in business cycle analysis. This paper develops a … Frisch elasticity and illustrate its main components: (i) the intensive and extensive adjustment of hours worked, (ii) the … panel data model of individual hours worked. Our estimated aggregate Frisch elasticity varies between .63 and .70. These …
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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...
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