elasticity is obtained from the Panel Study of Income Dynamics (PSID). The aggregate, time-series, elasticity is estimated from … the aggregation of individual units in the PSID for each year. We rely on exact aggregation of first-order conditions in a … lifecycle labor supply model with home production. We find an individual elasticity of approximately 0.1, a low value that is in …

aggregation over homogeneous individuals features different disutility of labor across the two sectors, which is in line with the … observed difference in average wage rates (OECD 2011). This theory-based utility function could be then utilized to study labor …

labor supply elasticity. For this purpose, we extend the standard labor market matching model to allow for endogenous … correlation of unemployment and GDP, implies an aggregate labor supply elasticity along the extensive margin of around 0.3 for men … Participation ; Labor Supply Elasticity …

labor supply elasticity. For this purpose, we extend the standard labor market matching model to allow for endogenous … correlation of unemployment and GDP, implies an aggregate labor supply elasticity along the extensive margin of around 0.3 for men … participation ; labor supply elasticity …

labor supply elasticity. For this purpose, we extend the standard labor market matching model to allow for endogenous … correlation of unemployment and GDP, implies an aggregate labor supply elasticity along the extensive margin of around 0.3 for men …

cyclicality of labor market transition rates between employment, unemployment, and nonparticipation. When interpreted through the … the value of the extensive-margin labor supply elasticity is, the stronger the first channel is. Wage rigidity helps …

We review the literature that uses quasi-experimental methods to estimate the elasticity of labour force participation …

In the United States, the employment rate is nearly flat across wealth quintiles with the exception of the first … quintile. Correlations between wealth and employment are close to zero or moderately positive. However, incomplete markets … employment. Using a fairly standard incomplete markets model calibrated to match the distribution of wealth, I find that …