Adjustment Costs, Firm Responses, and Micro vs. Macro Labor Supply Elasticities: Evidence from Danish Tax Records.
Adjustment Costs, Firm Responses, and Micro vs. Macro Labor Supply Elasticities: Evidence from Danish Tax Records.
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DOI：
10.1093/qje/qjr013
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发表时间：
2011-05-01
期刊：
影响因子：
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通讯作者：
Pistaferri L
中科院分区：
文献类型：
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作者：
Chetty R;Friedman JN;Olsen T;Pistaferri L
我们发现，税收对劳动力供给的影响是由工人的调整成本和企业设定的工作时间限制之间的相互作用形成的。我们开发了一个模型，在该模型中，公司发布的工作机会的特点是一个小时的要求和工人支付搜索成本找到工作。我们提出的证据支持三个预测，这个模型通过分析聚束扭结使用丹麦的税收记录。首先，较大的扭结产生较大的应税收入弹性。其次，适用于更大的工人群体的扭结产生更大的弹性。第三，就业机会的分配是根据工人的总体税收优惠来调整的。我们的研究结果表明，宏观弹性可能会大大大于使用标准的微观计量经济学方法获得的估计。
We show that the effects of taxes on labor supply are shaped by interactions between adjustment costs for workers and hours constraints set by firms. We develop a model in which firms post job offers characterized by an hours requirement and workers pay search costs to find jobs. We present evidence supporting three predictions of this model by analyzing bunching at kinks using Danish tax records. First, larger kinks generate larger taxable income elasticities. Second, kinks that apply to a larger group of workers generate larger elasticities. Third, the distribution of job offers is tailored to match workers' aggregate tax preferences in equilibrium. Our results suggest that macro elasticities may be substantially larger than the estimates obtained using standard microeconometric methods.