Relevant bibliographies by topics / Labor supply elasticity

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Academic literature on the topic 'Labor supply elasticity'

Author: Grafiati
Published: 4 June 2021
Last updated: 1 February 2022

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Journal articles on the topic "Labor supply elasticity"

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Klepikova, E. "Labor supply elasticity in Russia." Voprosy Ekonomiki, no. 9 (September 20, 2016): 111–28. http://dx.doi.org/10.32609/0042-8736-2016-9-111-128.

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The paper estimates wage elasticity of labor supply in Russia - both intensive and extensive margins. Empirical research is based on the Russia Longitudinal Monitoring Survey - Higher School of Economics data for the period from 2004 to 2014. The study uses an adaptation of the Heckman selection model, estimation proceeds in four stages. It is shown that elasticity of the decision regarding hours worked is insignificant for all demographic groups with the exception of married women, for whom it is significantly negative. The elasticity regarding the decision to participate is positive, but quite low for people aged 25-54, and is much higher for those in the early retirement age. The possible application of the obtained estimates is demonstrated by measuring potential effect of personal income tax and pension system reforms on the labor supply.
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Ljungqvist, Lars, and Thomas J. Sargent. "A Labor Supply Elasticity Accord?" American Economic Review 101, no. 3 (May 1, 2011): 487–91. http://dx.doi.org/10.1257/aer.101.3.487.

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A dispute about the size of the aggregate labor supply elasticity has been fortified by a contentious aggregation theory used by real business cycle theorists. The replacement of that aggregation theory with one more congenial to microeconomic observations opens possibilities for an accord about the aggregate labor supply elasticity. The new aggregation theory drops features to which empirical microeconomists objected and replaces them with life-cycle choices. Whether the new aggregation theory ultimately indicates a small or large macro labor supply elasticity will depend on how shocks and government institutions interact to put workers at interior solutions for career length.
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Kneip, Alois, Monika Merz, and Lidia Storjohann. "Aggregation and Labor Supply Elasticities." Journal of the European Economic Association 18, no. 5 (September 11, 2019): 2315–58. http://dx.doi.org/10.1093/jeea/jvz039.

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Abstract We outline a formal procedure for deriving the aggregate wage-elasticity of labor supply for a large group of heterogeneous workers who operate under uncertainty. Heterogeneity relates to preferences, income, wealth, and the labor market status. If each worker faces a small, possibly nonuniform wage change, the implied aggregate wage-elasticity can be represented by a closed-form expression. This expression captures an extensive and an intensive margin. We empirically implement the procedure for a dynamic model of individual labor supply and a micro panel of men in Germany from 2000 to 2013. We find that the extensive margin is less time-varying than the intensive margin, and that its size varies with the measure of reservation wages. Self-reported reservation wages render a larger extensive margin than other proxies. The estimated aggregate Frisch wage-elasticity varies between 0.85 and 1.06, and the two margins matter equally strongly for the unbalanced sample.
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Chetty, Raj. "A New Method of Estimating Risk Aversion." American Economic Review 96, no. 5 (November 1, 2006): 1821–34. http://dx.doi.org/10.1257/aer.96.5.1821.

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I show existing evidence on labor supply behavior places an upper bound on risk aversion in the expected utility model. I derive a formula for the coefficient of relative risk aversion (γ) in terms of the ratio of the income elasticity of labor supply to wage elasticity and degree of complementarity between consumption and labor. I bound the degree of complementarity using data on consumption choices when labor supply varies across states. Using labor supply elasticity estimates, I find a mean estimate of [Formula: see text], then show generating γ > 2 requires that wage increases cause sharper labor supply reductions.
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İmrohoroğlu, Selahattin, and Sagiri Kitao. "Labor supply elasticity and social security reform." Journal of Public Economics 93, no. 7-8 (August 2009): 867–78. http://dx.doi.org/10.1016/j.jpubeco.2009.05.002.

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Kuroda, Sachiko, and Isamu Yamamoto. "Estimating Frisch labor supply elasticity in Japan." Journal of the Japanese and International Economies 22, no. 4 (December 2008): 566–85. http://dx.doi.org/10.1016/j.jjie.2008.05.002.

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Fiorito, Riccardo, and Giulio Zanella. "The anatomy of the aggregate labor supply elasticity." Review of Economic Dynamics 15, no. 2 (April 2012): 171–87. http://dx.doi.org/10.1016/j.red.2012.01.002.

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Rogerson, Richard, and Johanna Wallenius. "Nonconvexities, Retirement, and the Elasticity of Labor Supply." American Economic Review 103, no. 4 (June 1, 2013): 1445–62. http://dx.doi.org/10.1257/aer.103.4.1445.

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We consider two life cycle models of labor supply that use nonconvexities to generate retirement. In each case we derive a link between hours worked prior to retirement, the intertemporal elasticity of substitution for labor (IES), and the size of the nonconvexities. This link is robust to allowing for credit constraints and human capital accumulation by younger workers and suggests values for the IES that are .75 or higher. (JEL D91, J22, J24, J26)
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Devereux, Paul J. "Changes in Male Labor Supply and Wages." ILR Review 56, no. 3 (April 2003): 409–28. http://dx.doi.org/10.1177/001979390305600303.

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In the 1980s, both wages and labor supply of poorly educated men fell substantially relative to those of educated men. Some observers have interpreted this positive association between changes in wages and labor supply as reflecting movement along stable labor supply curves. The author casts doubt on this interpretation by showing that the wage elasticity necessary to account, by itself, for the observed labor supply decline would greatly exceed elasticity levels typically found in prior studies. Analysis of Census data shows little relationship between changes in relative wages at the state level and changes in male labor supply. Also, panel data analysis shows no strong correlation between long-run changes in individual hours and wages. The small implied labor supply elasticities suggest that very little of the labor supply changes of men during the 1980s can be related to changes in relative wages.
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Azar, José, Ioana Marinescu, and Marshall Steinbaum. "Measuring Labor Market Power Two Ways." AEA Papers and Proceedings 109 (May 1, 2019): 317–21. http://dx.doi.org/10.1257/pandp.20191068.

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We compute the “applications elasticity” as a proxy for firm-level labor supply elasticity by regressing the applications to a given job on the posted wage. The average applications elasticity in our data is 0.42. We then relate our elasticity estimates to concentration in labor markets defined by six-digit SOC occupations and commuting zone. We show a robust negative relationship between the two. Applications elasticity is near zero for all but the most densely populated labor markets, suggesting that 80 percent of the workforce works in labor markets where employers exercise significant monopsony power.
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Dissertations / Theses on the topic "Labor supply elasticity"

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Zhang, Yonghui. "Essays on Taxation, Marriage, and Labor Supply." Diss., Virginia Tech, 2015. http://hdl.handle.net/10919/76670.

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My dissertation consists of three essays on labor supply responses, along the extensive margin (participation into the labor force) and along the intensive margin (intensity of work on the job). The first two essays focus on the labor supply responsiveness of single women with children to taxation and welfare programs. The third essay investigates the effects of marriage, the wage rate, and the associated tax rate on men's labor supply. In the first essay, to avoid bias from the fact that labor supply outcomes are being driven by self-selection, I build a dynamic stochastic discrete choice model to investigate the long run effects of the earned income tax credit and welfare policies on single mothers' labor supply. Simulated method of moments is used to estimate parameters of this dynamic model, based on March CPS data files from 1964 to 2013. I compare the performance of the dynamic stochastic discrete choice model, a static model, and a reduced-form model. My analysis concludes that the dynamic stochastic discrete choice model captures the simultaneous impact of the state variables on the predicted employment decision. My study provides evidence of the long-run positive effect of public policy on low income families in a life-cycle setting. This essay also emphasizes the importance of education in increasing single mothers' labor supply. The second essay is designed to identify factors that help single mothers leave TANF within a short span of time. I find strong evidence for the importance of child support assistance to single mothers' success in exiting TANF with a job. I uncover evidence that work-related activities do not induce TANF participants to leave within a short span of time. My analysis also suggests that health issues significantly limit the ability of single mothers to exit TANF. In the third essay, the main research question is how marital status affects the elasticity of the labor supply of males with respect to wages and taxes, in a life-cycle setting. A dynamic panel data model, which extends the literature on dynamic labor supply, indicates that the elasticity of men's labor supply with respect to wages and taxes is affected by marital status. The empirical results using the Panel Study of Income Dynamics (PSID) data show that men who are continuously married to the same wife have a lower average Frisch elasticity than others.
Ph. D.
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Yum, Minchul. "Essays in Quantitative Macroeconomics." The Ohio State University, 2015. http://rave.ohiolink.edu/etdc/view?acc_num=osu1429444230.

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Naaman, Michael. "Essays on Labor Supply Dynamics, Home Production, and Case-based Preferences." Thesis, 2012. http://hdl.handle.net/1911/71677.

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In this paper we examine models that incorporate CBDT. In the first chapter, we will examine CBDT more thoroughly including a reinterpretation of the standard labor supply problem under a wage tax in a partial equilibrium model where preferences exhibit characteristics of CBDT. In the second chapter, we extend the labor supply decision under a wage tax by incorporating a household production function. Utility maximization by repeated substitution is applied as a novel approach to solving dynamic optimization problems. This approach allows us to find labor supply elasticities that evolve over the life cycle. In the third chapter, CBDT will be explored in more depth focusing on its applicability in representing people's preferences over movie rentals in the Netflix competition. This chapter builds on the theoretical model introduced in chapter 1, among other things, expressing the rating of any customer movie pair using the ratings of similar movies that the customer rated and the ratings of the movie in question by similar customers. We will also explore in detail the econometric model used in the Netflix competition which utilizes machine learning and spatial regression to estimate customer's preferences.
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Li, Cheng. "Essays on nursery labor, sales contracts, and price discovery." Thesis, 2013. http://hdl.handle.net/1957/38179.

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Oregon's nursery and greenhouse industry has ranked the first in the State's agricultural for 18 years. The majority of nursery sales from the Pacific Northwest come from Oregon. Due to data limitations, empirical study of the Oregon nursery industry is rare. The present dissertation consists of three essays that analyze the demand and supply of inputs and outputs and the relationship between producers and retailers in the Oregon nursery industry. Chapter 2 identifies the major factors affecting farm labor supply and demand and evaluates their relative importance in the Oregon nursery industry from 1991 to 2008. Empirical results show that border control effort doesn't have an influential role in labor supply, while the Oregon and Mexican minimum wage do. It is because of the substantial gap between the U.S. and Mexican economies, reflected for an example in the minimum wage gap, which attracts a continual flow of immigrants. Risk of border apprehension is not great enough to prevent the flow. Increases in Oregon minimum wage is more effective than border apprehension policies in boosting the average wage and in reducing the number of hours that illegal immigrants work in the nursery sector. Chapter 3 investigates producers' and retailers' choices of, and reactions to, various contract types in the Oregon nursery industry from 2005 to 2010. As new and fast-growing retailers in the industry, big-box stores are less likely than independent retailers to make pre-order contracts with the producer. However, once a pre-order contract is chosen, big-box stores demand more days of pre-order interval than independent retailers do. Transactions with independent retailers exhibit – on average over the sample range – scale economies and scope diseconomies. Boosting per-transaction revenue scale and the number of species sold to big-box stores enhances transaction efficiency. Chapter 4 examines the interaction between supply and demand in Oregon nursery products. The result indicates that the production and transaction costs are major drivers on the supply side, while transportation costs and consumer demand for nursery products play important roles on the demand side. At the genus level, the supply elasticities of coniferous plants are larger than those of deciduous plants, which in turn are higher than those of flowering plants. The demand elasticities are the lowest in coniferous trees followed by deciduous plants, then flowering plants. Price discounts on plants with high demand elasticities would significantly boost sales and enlarge the market, while those on plants with low demand elasticities would have less sales impact. Empirically, patenting seems to bring no direct signs of greater profitability. The wholesale nursery may wish to reconsider the pricing and marketing policies of its patented plants to differentiate them more effectively from its non-patented plants.
Graduation date: 2013
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Krauchenia, Aliona. "Výzkum elasticit nabídky práce pro MSP: případová studie Běloruska." Master's thesis, 2012. http://www.nusl.cz/ntk/nusl-306138.

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Tomo, Ján. "Effect of the Flat Tax Reform on Labour Supply Elasticity at the Intensive and Extensive Margins: Evidence from the Czech Republic." Master's thesis, 2015. http://www.nusl.cz/ntk/nusl-347816.

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The thesis deals with the estimation of labour supply responses to the personal income tax reform in the Czech Republic adopted in 2008 by applying quasi experimental design known as "difference-in-differences". By exploiting the different change in the effective tax rates for various population subgroups as a natural experiment and using microdata from European Labour Force Sur- vey we constructed the treatment and control groups according to the highest attained level of education serving as a proxy for an income range that assigns an individual to the particular tax bracket before and after policy change. Analysing one-person households we found significant negative effect on the labour force participation and significant positive effect on the hours work of the treated by comparing these outcomes for the treatment and control groups in the baseline and follow up periods before and after the reform. JEL Classification C21, D04, H24, H31, I38, J22 Keywords tax reform, labour supply, natural experiment, difference-in-differences Author's e-mail janxtomo@gmail.com Supervisor's e-mail gebicka@fsv.cuni.cz
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Books on the topic "Labor supply elasticity"

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Goldar, Bishwanath. Trade liberalization and labour demand elasticity in Indian manufacturing. Delhi: Institute of Economic Growth, 2009.

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Angrist, Joshua David. Does labor supply explain fluctuations in average hours worked? Cambridge, MA: National Bureau of Economic Research, 1990.

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Ashenfelter, Orley. A shred of credible evidence on the long run elasticity of labor supply. Cambridge, MA: National Bureau of Economic Research, 2010.

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Slemrod, Joel. The optimal elasticity of taxable income. Cambridge, MA: National Bureau of Economic Research, 2000.

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Fajnzylber, Pablo. How comparable are labor demand elasticities across countries? Washington, D.C: World Bank, Latin America and the Caribbean Region, Poverty Reduction and Economic Management Sector Unit, 2001.

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Fullerton, Don. If labor is inelastic, are taxes still distorting? Cambridge, MA: National Bureau of Economic Research, 1989.

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Islam, Iyanatul. Estimating employment elasticity for the Indonesian economy: Technical note on the Indonesian labour market. Jakarta, Indonesia: International Labour Office, 2000.

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Andersson, Irene Ann-Kristin. Familjebeskattning, konsumtion och arbetsutbud: En ekonometrisk analys av löne- och inkomstelasticiteter samt policysimuleringar för svenska hushåll. [Gothenburg: Göteborgs universitet], 1989.

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Trade liberalization and labour demand elasticity in Indian manufacturing. Delhi: Institute of Economic Growth, 2009.

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Wage elasticity of labour supply for males and females. Ahmedabad, India: Indian Institute of Management, 1988.

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Book chapters on the topic "Labor supply elasticity"

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Zhong, Yihui. "Effects of Housing Supply Elasticity on Local Labor Markets." In Recent Trends in Decision Science and Management, 329–40. Singapore: Springer Singapore, 2020. http://dx.doi.org/10.1007/978-981-15-3588-8_40.

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Caselli, Francesco. "Skilled and Unskilled Labor." In Technology Differences over Space and Time. Princeton University Press, 2016. http://dx.doi.org/10.23943/princeton/9780691146027.003.0002.

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This chapter examines how skilled and unskilled labor vary across countries by taking into account the wage rate for skilled labor and the wage rate for unskilled labor, based on the assumption that labor markets approximate conditions of perfect competition. The equation to be used implies that the relative wage of a skilled worker is decreasing with the relative supply of skills. However, for a given supply of skills the relative wage also depends on the relative efficiency with which skills are used. The chapter first estimates the skill bias, the relative supply of skills, and the skill premium before deriving a calibrated value for the elasticity of substitution. It then presents the key empirical results for the skill bias in technology across countries and goes on to discuss alternative skill thresholds. It also considers the implications of differences in school quality and the implications of capital–skill complementarity.
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Caselli, Francesco. "Skilled Labor, Unskilled Labor, and Experience Over Time." In Technology Differences over Space and Time. Princeton University Press, 2016. http://dx.doi.org/10.23943/princeton/9780691146027.003.0006.

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This chapter examines what the joint behavior of relative wage and relative supply reveal about the underlying changes in technology, with a focus on the United States. It distinguishes workers by two characteristics: skill and experience. It classifies the labor force into four kinds of workers: experienced skilled workers, inexperienced skilled workers, experienced unskilled workers, and inexperienced unskilled workers. The equation takes into account the quantities of unskilled inexperienced inputs, unskilled experienced inputs, skilled inexperienced inputs, and skilled experienced inputs, as well as the elasticity of substitution between unskilled inexperienced and unskilled experienced workers, and skilled inexperienced and skilled experienced ones. The results confirm many previous findings of a significant skill bias in technical change between 1960 and 2010, and also reveal an experience bias in technical change over roughly the same period, especially among skilled workers and since the 1980s.
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"The Elasticity of the Labor Supply Curve to an Individual Firm." In Monopsony in Motion, 80–114. Princeton University Press, 2013. http://dx.doi.org/10.2307/j.ctt5hhpvk.7.

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"4. The Elasticity of the Labor Supply Curve to an Individual Firm." In Monopsony in Motion, 80–114. Princeton University Press, 2013. http://dx.doi.org/10.1515/9781400850679.80.

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Caselli, Francesco. "Skills and Capital Over Time and Across Countries." In Technology Differences over Space and Time. Princeton University Press, 2016. http://dx.doi.org/10.23943/princeton/9780691146027.003.0007.

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This chapter examines whether the trends in skill bias observed in the United States are common to other economies and extends the time series analysis to include capital. It first estimates, for each country, the skill bias from data on the relative supply of skills and the relative wages of skilled workers before constructing labor supply in units of equivalent unskilled workers. Finally, it calculates the augmentation coefficients using data on overall labor and capital shares. The results show that skill-biased technical change is a remarkably global phenomenon and that every country registers a positive trend in the relative efficiency of skilled labor. When the elasticity of substitution between two inputs is less than 1, technology choice shifts toward the input that becomes more scarce.
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Caselli, Francesco. "Natural and Reproducible Capital." In Technology Differences over Space and Time. Princeton University Press, 2016. http://dx.doi.org/10.23943/princeton/9780691146027.003.0003.

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This chapter examines possible factor biases in the way different countries use reproducible and natural capital, using an equation that also takes into account the bundle of capital goods which, combined with labor, is used to produce GDP. The goal of the chapter is to determine how the factor bias varies across countries, and in particular how it varies with income per worker. The factor bias requires three ingredients: relative supply, relative marginal products, and elasticity of substitution. After estimating the relative supply of reproducible capital and relative marginal productivities, the chapter infers the bias toward reproducible capital. The results reveal a negative relation between income and relative marginal products.
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Conference papers on the topic "Labor supply elasticity"

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Gong, Jing, Yili Hong, and Alejandro Zentner. "Vanishing Borders in the Internet Age: The Income Elasticity of the Supply of Foreign Labor in Virtual versus Physical Markets." In Hawaii International Conference on System Sciences. Hawaii International Conference on System Sciences, 2018. http://dx.doi.org/10.24251/hicss.2018.644.

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Reports on the topic "Labor supply elasticity"

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Bassier, Ihsaan, Arindrajit Dube, and Suresh Naidu. Monopsony in Movers: The Elasticity of Labor Supply to Firm Wage Policies. Cambridge, MA: National Bureau of Economic Research, August 2020. http://dx.doi.org/10.3386/w27755.

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Ashenfelter, Orley, Kirk Doran, and Bruce Schaller. A Shred of Credible Evidence on the Long Run Elasticity of Labor Supply. Cambridge, MA: National Bureau of Economic Research, February 2010. http://dx.doi.org/10.3386/w15746.

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Disney, Richard, Rowena Crawford, and Carl Emmerson. The short run elasticity of National Health Service nurses’ labour supply in Great Britain. IFS, February 2015. http://dx.doi.org/10.1920/wp.ifs.2015.1504.

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