منابع مشابه
Flexible Labor Supply Models
Flexible Labor Supply Models Discrete-choice models of labor supply have become very popular for ex ante evaluations of policy reforms as they easily account for non-convex budget sets. We test the constraints imposed in practice on these models and suggest a fully flexible model that significantly improves fit. JEL Classification: H31, J22
متن کاملTax reform analysis using flexible models of labor supply.∗
Discrete-choice labor supply models are extensively used for ex-ante evaluation of current or topical tax-benefit reforms (e.g. Van Soest, 1995, Hoynes, 1996 or Blundell et al., 2001, among others). Indeed, they provide a computationally tractable way to represent utility-maximizing labor supply decisions in the presence of highly nonlinear and possibly nonconvex budget sets. In the present pap...
متن کاملAccounting for Labor Demand Effects in Structural Labor Supply Models
Accounting for Labor Demand Effects in Structural Labor Supply Models When assessing the effects of policy reforms on the labor market, most studies only focus on labor supply. The interaction of supply and demand side is not explicitly modeled, which might lead to biased estimates of potential labor market outcomes. This paper proposes a straightforward method to remedy this shortcoming. We us...
متن کاملSticky Wage Models and Labor Supply Constraints∗
In New Keynesian models with sticky wages, the quantity of labor is solely determined by the demand side. Unions with monopsony power set the wage above what it takes to make agents work. If wages are sticky, however, a change of circumstances may make the demand for labor higher than agents’ willingness to work. Because of the simplicity of log-linearization, the literature implicitly assumes ...
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ژورنال
عنوان ژورنال: Economics Letters
سال: 2009
ISSN: 0165-1765
DOI: 10.1016/j.econlet.2009.06.019