Health Shocks and Couples' Labor Supply Decisions

Taxation and Labor Supply Decisions:

Retirement Incentives and Couples ’ Labour Supply Decisions

The Brazilian population has been showing signs of major changes in the past few decades. According to the United Nations, the average age of the population in Brazil is projected to be 47.5 years by 2050, compared to 19.2 years in 1950. The length of working life has fallen over time, due to both increases in educational attainment (thus fewer younger workers) and changes in retirement behavio...

Understanding Earnings, Labor Supply, and Retirement Decisions

We develop and estimate a model in which individuals make decisions on consumption, human capital investment, labor supply, and retirement. Unlike all previous work, our model allows both an endogenous wage process (which is typically assumed exogenous in the human capital and earnings dynamics literature). In addition, we introduce health shocks. We estimate the model and match the life-cycle ...

Labor Supply Decisions of Singaporean Cab Drivers

We use a unique dataset from the largest Singaporean cab company with over 520 million data points that tracks minute by minute of cabdrivers’ work routine for a month to study the wage elasticity of labor supply. Our results show that both intraday and across days, cab drivers deviate from the neoclassical economic model and there is a reference level of income that they prefer to earn. Moreov...

Labor supply shocks and unemployment persistence An empirical analysis of labor market dynamics in The Netherlands

Our small empirical stock-flow model for the Dutch economy, which endogenizes the adjustment dynamics to (un)employment search equilibria, identifies two mechanisms that caused persistence in labor market adjustments: (i) job competition from non-participants, and (ii) asymmetric adjustments to cyclical shocks. At the core of the model is an estimated matching function. Using Dutch flow data fo...