Löffler, Max; Peichl, Andreas; Siegloch, Sebastian - Forschungsbasierte Infrastruktureinrichtung … - 2014
There is still considerable dispute about the magnitude of labor supply elasticities. While differences in micro and … macro estimates are recently attributed to frictions and adjustment costs, we show that relatively low labor supply …, we estimate 3,456 structural labor supply models each representing a plausible combination of frequently made choices …