Accounting for Limited Commitment between Spouses When Estimating Labor-Supply Elasticities

Steady-State Labor Supply Elasticities: A Survey

Steady-State Labor Supply Elasticities: A Survey Previous reviews of static labor supply estimations concentrate mainly on the evidence from the 1980s and 1990s, Anglo-Saxon countries and early generations of labor supply modeling. This paper provides a fresh characterization of steady-state labor supply elasticities for Western Europe and the US. We also investigate the relative contribution o...

Accounting for Labor Demand Effects in Structural Labor Supply Models

Accounting for Labor Demand Effects in Structural Labor Supply Models When assessing the effects of policy reforms on the labor market, most studies only focus on labor supply. The interaction of supply and demand side is not explicitly modeled, which might lead to biased estimates of potential labor market outcomes. This paper proposes a straightforward method to remedy this shortcoming. We us...

Single Women's Labor Supply Elasticities: Trends and Policy Implications

This paper uses CPS data to examine changes in single women’s labor supply elasticities in recent decades. Specifically, the authors investigate trends in how single women’s hours of work and labor force participation rates responded to both wages and income over the years 1979–2003. Results from the base specification suggest that over the observation period, hours wage elasticities decreased ...

What Nonconvexities Really Say about Labor Supply Elasticities

Rogerson and Wallenius (2013) draw an incorrect inference about a labor supply elasticity at an intensive margin from premises about an option to work part time that retiring workers decline. We explain how their false inference rests on overgeneralizing outcomes from a particular example and how Rogerson and Wallenius haven’t identified an economic force beyond the two – indivisible labor and ...

Reconciling Micro and Macro Labor Supply Elasticities: A Structural Perspective∗