Reconciling Micro and Macro Labor Supply Elasticities: A Structural Perspective
Reconciling Micro and Macro Labor Supply Elasticities: A Structural Perspective
复制标题
协调微观和宏观劳动力供给弹性：结构性视角
DOI：
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发表时间：
2011
期刊：
影响因子：
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通讯作者：
Richard Rogerson
中科院分区：
文献类型：
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作者：
M. Keane;Richard Rogerson
劳动力总供给对经济环境各种变化的反应是许多经济问题的核心，包括税收政策的优化设计。尽管早期的文献经常得出结论，总的劳动力供给弹性很小，但我们认为，最近使用结构模型和微观数据的研究可信地支持了大的总弹性。我们主要关注三个问题。首先，早先的分析从几个关键特征中抽象出来，包括人力资本积累，这些特征严重地对关键偏好参数的估计产生了负面偏见。其次，由于未能理解总劳动力供应调整可能会沿着每名工人的工作时间和就业边际发生，这导致经济学家误解了总劳动力供应偏好参数的含义。第三，使用微观数据对具有广泛边际选择的模型进行结构性估计，通常会发现大量响应。
The response of aggregate labor supply to various changes in the economic environment is central to many economic issues, including the optimal design of tax policies. Whereas the earlier literature often concluded that aggregate labor supply elasticities were small, we argue that recent work using structural models and micro data credibly supports large aggregate elasticities. We focus on three issues. First, earlier analyses abstracted from several key features, including human capital accumulation, that severely negatively biased estimates of a key preference parameter. Second, failure to understand that aggregate labor supply adjustments can occur along both the hours per worker and employment margins has led economists to misinterpret the implications of preference parameters for aggregate labor supply. Third, structural estimation of models that feature choice along the extensive margin using micro data typically finds large responses.
DOI：
10.1093/qje/qjr013
发表时间：
2011-05-01
期刊：
The quarterly journal of economics
影响因子：
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作者：
Chetty R;Friedman JN;Olsen T;Pistaferri L
通讯作者：
Pistaferri L