Reservation Raises: The Aggregate Labor Supply Curve at the Extensive Margin
Reservation Raises: The Aggregate Labor Supply Curve at the Extensive Margin
复制标题
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:
影响因子:
--
通讯作者:
B. Schoefer
中科院分区:
文献类型:
--
作者:
Preston Mui;B. Schoefer
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:
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作者:
Chetty R;Friedman JN;Olsen T;Pistaferri L
通讯作者:
Pistaferri L
DOI:
10.1093/restud/rdac045
发表时间:
2023
期刊:
The Review of Economic Studies
影响因子:
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作者:
Jäger, Simon;Schoefer, Benjamin;Zweimüller, Josef
通讯作者:
Zweimüller, Josef