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Can poductive government spending be the engine of long-run growth when labor supply is engogenous?

Park, Hyun; Philippopulos, Apostolēs - 2002

We reexamine the properties of optimal fiscal policy and their implications for implementable capital accumulation. The setup is a standard endogenous growth model with public production services, augmented by elastic labor supply. We show that, when a benevolent government chooses a distorting...

Persistent link: https://www.econbiz.de/10011409385

How credible are shrinking wage elasticities of married women labour supply?

Qin, Duo; Van Huellen, Sophie; Wang, Qing-chao - In: Econometrics : open access journal 4 (2016) 1, pp. 1-31

different wage groups. Yet, surprisingly constant wage elasticity estimates are maintained within certain wage groups over time …. In addition to those constant wage elasticity estimates, we find that the composition of working women into different … wage groups has changed considerably, resulting in shrinking wage elasticity estimates at the aggregate level. These …

Persistent link: https://www.econbiz.de/10011411317