In the context of certain dynamic models, it is possible to infer the elasticity of labor supply to the firm from the elasticity of the quit rate with respect to the wage. Using this property, we estimate the average labor supply elasticity to public school districts in Missouri. We take...

In the context of certain dynamic models, it is possible to infer the elasticity of labor supply to the firm from the elasticity of the quit rate with respect to the wage. Using this property, we estimate the average labor supply elasticity to public school districts in Missouri. We take...

Recent estimates of intergenerational income transmission suggest that there are vast cross-country differences in economic mobility. Under the most common models this is attributed to a combination of credit constraints and failure of some nations to adequately invest in the human capital of...