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There is a huge variation in the size of labor supply elasticities in the literature, which hampers policy analysis. While recent studies show that preference heterogeneity across countries explains little of this variation, we focus on two other important features: observation period and...
Persistent link: https://www.econbiz.de/10011664186
There is still considerable dispute about the magnitude of labor supply elasticities. While differences in estimates especially between micro and macro models are recently attributed to frictions and adjustment costs, we show that the variation in elasticities derived from structural labor...
Persistent link: https://www.econbiz.de/10011813227
There is still considerable dispute about the magnitude of labor supply elasticities. While differences in estimates especially between micro and macro models are recently attributed to frictions and adjustment costs, we show that the variation in elasticities derived from structural labor...
Persistent link: https://www.econbiz.de/10011820320
Earning an income is probably the best way of avoiding poverty and social exclusion, hence the recent trend of promoting employment through in-work transfers in OECD countries. Yet, the relative consensus on the need for ?making work pay? policies is muddied by a number of concerns relative to...
Persistent link: https://www.econbiz.de/10010262176
to get still more flexibility by relaxing some of the usual constraints imposed on household preferences and rationality … some of the dimensions of household behavior. …
Persistent link: https://www.econbiz.de/10010262185
to model household behavior as a Nash-bargaining game. Since then, very few attempts have been made to operationalize … cooperative models of household labor supply for policy analysis. In this paper, we implement a Nash-bargaining model with … the likely role of taxation on intra-household negotiation. …
Persistent link: https://www.econbiz.de/10010262203
We assess the labour supply effects of two 'making work pay' reforms in Germany. We provide evidence in favour of policies that distinguish between low effort and low productivity by targeting individuals with low wages rather than individuals with low earnings. In assessing the policies we...
Persistent link: https://www.econbiz.de/10010267602
. Secondly, little is known about the impact of macro-level changes on the distribution of resources at the household level …
Persistent link: https://www.econbiz.de/10010269408
whether the degree of flexibility and the implicit household representation in these models are satisfying when confronted to … predicted labor supply responses to tax-benefit reforms is sensitive to the underlying household representation. …
Persistent link: https://www.econbiz.de/10010272362
Estimates of labour supply effects of recent UK reforms in the area of direct taxes and benefits show that policy can have significant influence on the level of employment. We confirm this in a simulation of in-work support system introduced into the German tax and benefit system. Our simulation...
Persistent link: https://www.econbiz.de/10010276022