Intertemporal Substitution In Labor Supply
DOWNLOAD
Download Intertemporal Substitution In Labor Supply PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Intertemporal Substitution In Labor Supply book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Intertemporal Substitution In Labor Supply
DOWNLOAD
Author : Joseph G. Altonji
language : en
Publisher:
Release Date : 1984
Intertemporal Substitution In Labor Supply written by Joseph G. Altonji and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with Consumption (Economics) categories.
Intertemporal Substitution In Labor Supply
DOWNLOAD
Author : Joseph Altonji
language : en
Publisher:
Release Date : 1986
Intertemporal Substitution In Labor Supply written by Joseph Altonji and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986 with Consumption (Economics) categories.
Intertemporal Labor Supply
DOWNLOAD
Author : David Edward Card
language : en
Publisher:
Release Date : 1991
Intertemporal Labor Supply written by David Edward Card and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Business cycles categories.
The lifecycle labor supply model has been proposed as an explanation for various dimensions of labor supply, including movements over the business cycle, changes with age, and within-person variation over time. According to the model, all of these elements are tied together by a combination of intertemporal substitution effects and wealth effects. This paper offers an assessment of the model's ability to explain the main components of labor supply, focusing on microeconomic evidence for men.
Intertemporal Substitution In Labour Supply
DOWNLOAD
Author : Tony S. Wirjanto
language : en
Publisher:
Release Date : 1992
Intertemporal Substitution In Labour Supply written by Tony S. Wirjanto and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with categories.
Publication And Identification Biases In Measuring The Intertemporal Substitution Of Labor Supply
DOWNLOAD
Author : Ali Elminejad
language : en
Publisher:
Release Date : 2021
Publication And Identification Biases In Measuring The Intertemporal Substitution Of Labor Supply written by Ali Elminejad and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021 with categories.
Intertemporal Substitution In Macroeconomics
DOWNLOAD
Author : N. Gregory Mankiw
language : en
Publisher:
Release Date : 1982
Intertemporal Substitution In Macroeconomics written by N. Gregory Mankiw and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with Consumption (Economics) categories.
Modern neoclassical theories of the business cycle posit that aggregate fluctuations in consumption and employment are the consequence of dynamic optimizing behavior by economic agents who face no quantity constraint. In this paper, we estimate an explicit model :f this type. In particular, we assume that the observed fluctuations correspond to the decisions of an optimizing representative individual. This individual has a stable utility function which is additively separable over time but not necessarily additively separable in consumption and leisure. We estimate three first order conditions which represent three margins on which the individual is optimizing. He can trade off present consumption for future consumption, present leisure for future leisure and present consumption for present leisure. Our results show that the aggregate U.S. data are extremely reluctant to be characterized by a model of this type. Not only are the overidentifying restrictions statistically rejected but, in addition, the estimated utility function is often not concave. Even when it is concave the estimates imply that either consumption or leisure is an inferior good.
Intertemporal Substitution And Labor Supply In Japan
DOWNLOAD
Author : Dick Beason
language : en
Publisher:
Release Date : 2013
Intertemporal Substitution And Labor Supply In Japan written by Dick Beason and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
This paper considers whether Japanese labor market data are consistent with the intertemporal substitution hypothesis. The Japanese labor market data are first tested for broad conformity with the hypothesis using the methodology of Ashenfelter and Card (1982). The results from this analysis are encouraging. Next, the hypothesis is tested using the methodology of Altonji (1982). The results from this analysis are not generally favorable to the hypothesis. Finally, an ad hoc test of whether the bonus should be considered a form of wage payment is nested in the test of the intertemporal substitution hypothesis, with the result that the bonus does not appear to elicit the same labor supply behavior as the base wage.
The Intertemporal Substitution Model Of Labor Supply In An Open Economy
DOWNLOAD
Author : Joao Ricardo Faria
language : en
Publisher:
Release Date : 2001
The Intertemporal Substitution Model Of Labor Supply In An Open Economy written by Joao Ricardo Faria and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with categories.
The intertemporal substitution model of labor supply has been based on closed economy models. This paper studies the intertemporal substitution hypothesis in an open economy. It derives the long run labor supply as a function of the real wage, real interest rate and real exchange rate from a standard open economy optimizing representative agent model. The paper tests the steady state solution of the model for the US and, in order to avoid the Lucas critique, it tests for the superexogeneity of the interest rate and exchange rate. In accordance with the theory, the empirical evidence is supportive of the intertemporal substitution hypothesis, the significant impact of the real exchange rate, and is robust to the Lucas critique.
Publication And Identification Biases In Measureing The Intertemporal Substitution Of Labor Supply
DOWNLOAD
Author : M. Ali Elminejad
language : en
Publisher:
Release Date : 2021
Publication And Identification Biases In Measureing The Intertemporal Substitution Of Labor Supply written by M. Ali Elminejad and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021 with Economics categories.
The intertemporal substitution (Frisch) elasticity of labor supply governs the predictions of real business cycle models and models of taxation. We show that, for the extensive margin elasticity, two biases conspire to systematically produce large positive estimates when the elasticity is in fact zero. Among 723 estimates in 36 studies, the mean reported elasticity is 0.5. One half of that number is due to publication bias: larger estimates are reported preferentially. The other half is due to identification bias: studies with less exogenous time variation in wages report larger elasticities. Net of the biases, the literature implies a zero mean elasticity and, with 95% confidence, is inconsistent with calibrations above 0.25. To derive these results we collect 23 variables that reflect the context in which the elasticity was obtained, use nonlinear techniques to correct for publication bias, and employ Bayesian and frequentist model averaging to address model uncertainty.
Intertemporal Substitution Money And Aggregate Labor Supply
DOWNLOAD
Author : Donald H. Dutkowsky
language : en
Publisher:
Release Date : 1998
Intertemporal Substitution Money And Aggregate Labor Supply written by Donald H. Dutkowsky and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with categories.
This study investigates the macro-econometric credibility of the Intertemporal Substitution Hypothesis. It extends the usual formulation by considering money within the representative consumer's life cycle decision. We also provide measures of the real wage rate and asset returns based upon interpretation of the constraint as consumption-saving behavior. Estimation with quarterly U.S. data generates plausible and significant estimates of the structural parameters. The findings indicate elastic labor supply response to the wage rate but mixed results with respect to nominal returns. The estimates are reasonably robust to alternative measures of consumption, money, leisure, and rates of return.