preferences, this is not so in the case of random utility models. Note that since the non-labor income elasticity is negative the … Slutsky equation implies that the compensated wage elasticity is higher than the uncompensated one. With a random utility … model we show empirically that in many cases the uncompensated wage elasticity is in fact the highest one. …

observed difference in average wage rates (OECD 2011). This theory-based utility function could be then utilized to study labor …

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 …

elasticity without the use of consumption or asset data. We find this elasticity on average to be negative, but small. The degree … Income Dynamics (PSID) für die USA zeigen, dass sowohl Lohn- als auch Stundenshocks eine wichtige Rolle für die Erklärung der …

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 …

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 …

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 …

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 …

that results are very sensitive to the treatment of hourly wages in the estimation. For example, different (sensible …) choices concerning the modeling of the underlying wage distribution and especially the imputation of (missing) wages lead to …