We introduce a structural model which jointly estimates the full-time wage premium and female labor supply, using the …), caused by the coexistence of both full- and part-time wage rates, and makes wages fully endogenous to the labor supply choice … small full-time wage premium. Our estimates for labor supply elasticities lie within the ranges reported in previous …

We decompose permanent earnings risk into contributions from hours and wage shocks. To distinguish between hours shocks …, modeled as innovations to the marginal disutility of work, and labor supply reactions to wage shocks we formulate a life …-cycle model of consumption and labor supply. Both permanent wage and hours shocks are important to explain earnings risk, but wage …

We decompose permanent earnings risk into contributions from hours and wage shocks. To distinguish between hours shocks …, modeled as innovations to the marginal disutility of work, and labor supply reactions to wage shocks we formulate a life …-cycle model of consumption and labor supply. Both permanent wage and hours shocks are important to explain earnings risk, but wage …

/ethnic representation. The findings imply that measures of the adjusted wage disadvantages of minority employees are overstated by about 10 …

relative wages on labor supply. They test the hypothesis that, ceteris paribus, making a given wage high (low) relative to … other wage levels will lead to an increase (decrease) in labor supply. They find that labor supply does respond …

The standard labor-supply literature typically assumes that the labor supply response to wage increases is the same as … that for equivalent wage decreases. However, evidence from the behavioral-economics literature suggests that people are … differently to wage increases than to wage decreases. We estimate the effect of wage increases and decreases on labor supply using …