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 …

survey with the reservation wage for a one-hour job that we elicit in an online experiment. The two measures show a strong … still positive and statistically significant. We show that these results are robust to selection into the experiment, and …

survey with the reservation wage for a one-hour job that we elicit in an online experiment. The two measures show a strong … still positive and statistically significant. We show that these results are robust to selection into the experiment, and …

We examine the accuracy of predicted wages for the non-employed. We argue that unemployment, marginal attachment, and … wages for these three groups of non-employed using sample selection models. Focusing on those individuals who subsequently …

error from the Panel Study of Income Dynamics. I show there exists a large transitory component to wages, even after … measurement error and for measurement error that is correlated with true hours and wages. I find almost no correlation between …

unobservable e ort and incentive ("fair") wages a la Danthine and Kurmann (2004), and explicitly perform the aggregation presented …

We document empirical life cycle profiles of wages, earnings, and hours of work for pay from the Panel Study of Income …

relative contraction in credit supply, associated with lower average wages and employment. These effects are heterogeneous … higher-paid workers see a relative decline in wages. Between firms, wages fall by more at initially higher-paying employers …