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Estimating labor-supply elasticities with joint borrowing constraints of couples
Bredemeier, Christian; Gravert, Jan; Jüßen, Falko - 2016
estimation bias is less pronounced for secondary than for primary earners. The reason is that, in households with two earners and … to borrow than wage-rate changes of the primary earner. We illustrate the differential estimation bias in the framework …
Persistent link: https://www.econbiz.de/10011543948
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Accounting for limited commitment between spouses when estimating labor-supply elasticities
Bredemeier, Christian; Gravert, Jan Hendrik; Jüßen, Falko - 2021
The Frisch elasticity of labor supply can be estimated by regressing hours worked on the hourly wage rate, controlling … consumption. We develop an improved estimation approach that eliminates this bias by exploiting information on the composition of …
Persistent link: https://www.econbiz.de/10012493758
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The Frisch Elasticity in the Mercosur Countries : A Pseudo-Panel Approach
González, Roberto - 2011
This paper provides estimates for the Mercosur countries of the Frisch elasticity – i.e., the elasticity of …
Persistent link: https://www.econbiz.de/10013120132
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The Frisch elasticity in the Mercosur countries : a pseudo-panel approach
González, Roberto; Sala, Hector - 2011
This paper provides estimates for the Mercosur countries of the Frisch elasticity - i.e., the elasticity of … design of macro-convergence policies in the Mercosur context. -- Frisch elasticity ; labor supply ; liquidity constraints …
Persistent link: https://www.econbiz.de/10009422476
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Overtime Work, Dual Job Holding and Taxation
Frederiksen, Anders; Graversen, Ebbe Krogh; Smith, Nina - 2021
Traditionally, labor supply data do not include much information on hours and wages in secondary job or overtime work. In this paper, we estimate labor supply models based on survey information on hours and wages in overtime work and second job which is merged to detailed register information on...
Persistent link: https://www.econbiz.de/10013320901
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Overtime work, dual job holding and taxation
Frederiksen, Anders; Krogh Graversen, Ebbe; Smith, Nina - 2001
Traditionally, labour supply data do not include much information on hours and wages in secondary job or overtime work. In this paper, we estimate labour supply models based on survey information on hours and wages in overtime work and second job which is merged to detailed register information...
Persistent link: https://www.econbiz.de/10001610718
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Overtime work, dual job holding and taxation
Frederiksen, Anders; Krogh Graversen, Ebbe; Smith, Nina - 2001
Traditionally, labour supply data do not include much information on hours and wages in secondary job or overtime work. In this paper, we estimate labour supply models based on survey information on hours and wages in overtime work and second job which is merged to detailed register information...
Persistent link: https://www.econbiz.de/10011402763
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The labor-supply elasticity and borrowing constraints : why estimates are biased
Domeij, David (contributor); Flodén, Martin (contributor) - 2001 - [Elektronische Ressource]
The labor-supply elasticity is a central element in many macroeconomic models. We argue that assumptions underlying … previous econometric estimates of the intertemporal labor supply elasticity are inconsistent with incomplete markets economies …. In particular, if the econometrician ignores borrowing constraints, the elasticity will be biased downwards. Within our …
Persistent link: https://www.econbiz.de/10001626699
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Labor income share dynamics with variable elasticity of substitution
Paul, Saumik - 2019
variable elasticity of substitution (VES-W) framework that embodies a variable elasticity of substitution and a share parameter … variable elasticity of substitution. While the estimated structural parameters calibrate the actual output level and the …
Persistent link: https://www.econbiz.de/10012022772
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On the distribution of wealth and employment
Yum, Minchul - 2018
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 models with a standard utility function counterfactually...
Persistent link: https://www.econbiz.de/10011818431