assumptions about the long run effect of wage rates on labor supply. The available estimates of the wage elasticity of male labor … which men can change their hours of work, and in which wages have been exogenously and permanently changed. We introduce a … function. Our estimates suggest that the elasticity of labor supply is about -0.2, implying that income effects dominate …

finding is especially strong on the extensive margin where the elasticity for a wage decrease is twice that for a wage …

finding is especially strong on the extensive margin where the elasticity for a wage decrease is twice that for a wage …

that results are very sensitive to the treatment of hourly wages in the estimation. For example, different (sensible …) choices concerning the modeling of the underlying wage distribution and especially the imputation of (missing) wages lead to …

between preferences and wages is key. To overcome this restriction, we propose a flexible estimation strategy that nests … elasticities derived from microeconometric models can also be explained by modeling assumptions with respect to wages. Specifically … very sensitive to the treatment of wages. In particular, the often-made but highly restrictive independence assumption …

between preferences and wages is key. To overcome this restriction, we propose a flexible estimation strategy that nests … elasticities derived from microeconometric models can also be explained by modeling assumptions with respect to wages. Specifically … very sensitive to the treatment of wages. In particular, the often-made but highly restrictive independence assumption …