Reservation Raises: The Aggregate Labor Supply Curve at the Extensive Margin

Reservation Raises: The Aggregate Labor Supply Curve at the Extensive Margin
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保留率提高:广义边际的总劳动力供给曲线

DOI:
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发表时间:
2019
期刊:
Social Science Research Network
影响因子:
--
通讯作者:
B. Schoefer
B. Schoefer
中科院分区:
--
文献类型:
--
作者:
Preston Mui;B. Schoefer

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我们在对美国和德国人口的两项代表性调查中,以广泛的(就业)边际来衡量期望的劳动力供应。我们得到了保留加薪:工资变化的百分比,使给定的个人在就业和非就业之间无动于衷。这等于她的保留工资除以她的实际工资或潜在工资。预留增长分布是非参数的总劳动供给曲线。在当地,该曲线在3以上表现出很大的短期弹性,这与商业周期证据一致。对于较大的上升趋势,弧形弹性缩小至0.5,这与税收假期的准实验证据一致。现有的模型无法匹配这条非恒定的、不对称的曲线。
We measure desired labor supply at the extensive (employment) margin in two representative surveys of the U.S. and German populations. We elicit reservation raises: the percent wage change that renders a given individual indifferent between employment and nonemployment. It is equal to her reservation wage divided by her actual, or potential, wage. The reservation raise distribution is the nonparametric aggregate labor supply curve. Locally, the curve exhibits large short-run elasticities above 3, consistent with business cycle evidence. For larger upward shifts, arc elasticities shrink towards 0.5, consistent with quasi-experimental evidence from tax holidays. Existing models fail to match this nonconstant, asymmetric curve.
DOI: 10.1093/qje/qjr013
发表时间: 2011-05-01
期刊: The quarterly journal of economics
影响因子: --
作者:
Chetty R;Friedman JN;Olsen T;Pistaferri L
通讯作者: Pistaferri L
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DOI: 10.1093/restud/rdac045
发表时间: 2023
期刊: The Review of Economic Studies
影响因子: --
作者:
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通讯作者: Zweimüller, Josef