An Empirical Study of the Elasticity of Labor Supply

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ISBN 13 :
Total Pages : 200 pages
Book Rating : 4.:/5 (117 download)

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Book Synopsis An Empirical Study of the Elasticity of Labor Supply by : James Paull Bane

Download or read book An Empirical Study of the Elasticity of Labor Supply written by James Paull Bane and published by . This book was released on 1968 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Labor Supply and Government Spending

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ISBN 13 :
Total Pages : 148 pages
Book Rating : 4.:/5 (323 download)

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Book Synopsis Labor Supply and Government Spending by : Myra Lea Moore

Download or read book Labor Supply and Government Spending written by Myra Lea Moore and published by . This book was released on 1994 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Labor Demand

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Publisher : Princeton University Press
ISBN 13 : 0691222991
Total Pages : 464 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis Labor Demand by : Daniel S. Hamermesh

Download or read book Labor Demand written by Daniel S. Hamermesh and published by Princeton University Press. This book was released on 2021-01-12 with total page 464 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book Daniel Hamermesh provides the first comprehensive picture of the disparate field of labor demand. The author reviews both the static and dynamic theories of labor demand, and provides evaluative summaries of the available empirical research in these two subject areas. Moreover, he uses both theory and evidence to establish a generalized framework for analyzing the impact of policies such as minimum wages, payroll taxes, job- security measures, unemployment insurance, and others. Covering every aspect of labor demand, this book uses material from a wide range of countries.

Female Labor Supply

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Publisher : Princeton University Press
ISBN 13 : 140085699X
Total Pages : 398 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Female Labor Supply by : James P. Smith

Download or read book Female Labor Supply written by James P. Smith and published by Princeton University Press. This book was released on 2014-07-14 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of original essays brings econometric theory to bear on the problem of estimating the labor force participation of women. Five scholars here examine, both theoretically and empirically, the determinants of women's wages in the market, the value of their home time, and the factors that affect their employment. Originally published in 1980. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

An Empirical Study of the Effect of Liquidity and Consumption Commitment Constraints on Intertemporal Labor Supply

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ISBN 13 :
Total Pages : 17 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis An Empirical Study of the Effect of Liquidity and Consumption Commitment Constraints on Intertemporal Labor Supply by : Kenneth Glenn Dau-Schmidt

Download or read book An Empirical Study of the Effect of Liquidity and Consumption Commitment Constraints on Intertemporal Labor Supply written by Kenneth Glenn Dau-Schmidt and published by . This book was released on 2014 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article presents empirical evidence with respect to two constraints on workers' intertemporal labor supply: the liquidity constraint which prevents workers from borrowing against future consumption to accommodate wage changes; and consumption commitments which, due to transaction costs, cannot be changed in the short-run to accommodate wage changes. The author reports evidence of a modest impediment to intertemporal labor supply due to the liquidity constraint. The author also estimates the intertemporal substitution elasticity for workers with different levels of consumption commitments and determines that such commitments substantially reduce a worker's intertemporal substitution elasticity.

What Explains the Variation in Estimates of Labour Supply Elasticities?

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ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis What Explains the Variation in Estimates of Labour Supply Elasticities? by : Michiel Evers

Download or read book What Explains the Variation in Estimates of Labour Supply Elasticities? written by Michiel Evers and published by . This book was released on 2005 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bespreking van de resultaten van een meta-analyse van empirische schattingen in de literatuur van de ongecompenseerde arbeidsaanbodelasticiteit.

Studies in Labor Supply

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Publisher : Edward Elgar Publishing
ISBN 13 :
Total Pages : 368 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Studies in Labor Supply by : Jacob Mincer

Download or read book Studies in Labor Supply written by Jacob Mincer and published by Edward Elgar Publishing. This book was released on 1993 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: These essays focus on the family context of labour supply, especially that of women. Special attention is devoted to wage incentives and wage consequences of labour supply and to long term trends in the female labour force, a major phenomena of the 20th century. Mincer discusses labour supply in the family context, labour supply, human capital and the gender wage gap and labour supply with wage floors.

Handbook of Labor Economics

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Publisher : Elsevier
ISBN 13 : 0444534539
Total Pages : 1140 pages
Book Rating : 4.4/5 (445 download)

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Book Synopsis Handbook of Labor Economics by : Orley Ashenfelter

Download or read book Handbook of Labor Economics written by Orley Ashenfelter and published by Elsevier. This book was released on 2010-10-27 with total page 1140 pages. Available in PDF, EPUB and Kindle. Book excerpt: What factors affect the ways individuals participate in labor markets?New Developments and Research on Labor Markets (volume 4B) proposes answers to this and other questions on important topics of public policy. Leading labor economists demonstrate how better data and advanced experiments help them apply economic theory, yielding sharper analyses and conclusions. The combinations of these improved empirical findings with new models enable the authors of these chapters to reveal how labor economists are developing new and innovative ways to measure key parameters and test important hypotheses. Concentrates on empirical research in specific labor markets, including those defined by age, gender, and race Reveals how questions and answers about these markets have changed and how models measure them Documents how conceptual models and empirical work explain important practical issues

Monopsony in Motion

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Publisher : Princeton University Press
ISBN 13 : 1400850673
Total Pages : 414 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Monopsony in Motion by : Alan Manning

Download or read book Monopsony in Motion written by Alan Manning and published by Princeton University Press. This book was released on 2013-12-03 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: What happens if an employer cuts wages by one cent? Much of labor economics is built on the assumption that all the workers will quit immediately. Here, Alan Manning mounts a systematic challenge to the standard model of perfect competition. Monopsony in Motion stands apart by analyzing labor markets from the real-world perspective that employers have significant market (or monopsony) power over their workers. Arguing that this power derives from frictions in the labor market that make it time-consuming and costly for workers to change jobs, Manning re-examines much of labor economics based on this alternative and equally plausible assumption. The book addresses the theoretical implications of monopsony and presents a wealth of empirical evidence. Our understanding of the distribution of wages, unemployment, and human capital can all be improved by recognizing that employers have some monopsony power over their workers. Also considered are policy issues including the minimum wage, equal pay legislation, and caps on working hours. In a monopsonistic labor market, concludes Manning, the "free" market can no longer be sustained as an ideal and labor economists need to be more open-minded in their evaluation of labor market policies. Monopsony in Motion will represent for some a new fundamental text in the advanced study of labor economics, and for others, an invaluable alternative perspective that henceforth must be taken into account in any serious consideration of the subject.

Wage Elasticity of Labor Supply in Real-Time Ridesharing Markets

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Wage Elasticity of Labor Supply in Real-Time Ridesharing Markets by : Shu He

Download or read book Wage Elasticity of Labor Supply in Real-Time Ridesharing Markets written by Shu He and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The prominence of real-time ridesharing services, such as Uber and Lyft, has dramatically changed the landscape of traditional industries. In this study, we provide a comprehensive analysis on the wage elasticity of labor supply in real-time ridesharing markets using data from a major ridesharing platform in China. By exploiting an exogenous shock from uneven driving restrictions as an instrumental variable, we find a negative labor supply elasticity for ridesharing drivers, suggesting that drivers tend to drive less during days with higher average hourly wage. This surprising finding is consistent with the behavioral income-targeting model based on the theory of reference-dependent preferences: Drivers have heuristic daily targets for total earnings and are more motivated to supply labor when they are below their income target than above it. Therefore, they work less on days when earnings per hour are high and quit the market once their income target is reached. In addition, we find that taxi drivers are more rational and are less affected by the income target. What is more interesting is that the labor supply elasticity is less negative for more experienced and patterned ridesharing drivers, which implies that drivers are more rational when they have repeated opportunities of learning. Estimating labor supply elasticity is critical to understand the economic efficiency of various surge pricing algorithms and driver subsidization programs for ridesharing platforms and policy makers. Our research suggests that a uniform price surging or driver subsidization to all ridesharing drivers may not incentivize labor supply of drivers effectively. A more efficient approach is to implement personalized price surging algorithms and driver subsidization programs targeting more experienced and patterned drivers.

Essays in Quantitative Macroeconomics

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ISBN 13 :
Total Pages : 105 pages
Book Rating : 4.:/5 (919 download)

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Book Synopsis Essays in Quantitative Macroeconomics by : Minchul Yum

Download or read book Essays in Quantitative Macroeconomics written by Minchul Yum and published by . This book was released on 2015 with total page 105 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the next chapter, "Indivisible Labor with Endogenous Hours: Micro and Macro Labor Supply Elasticities," I study a long-standing discrepancy regarding the magnitude of the Frisch (intertemporal) labor supply elasticity. Empirical studies using individual level data typically uncover an estimated Frisch elasticity below 0.5. By contrast, in the quantitative macroeconomics literature on business cycles, the Frisch elasticity of the representative household (the macro labor supply elasticity) inferred from aggregate time series is often much larger, typically exceeding 2. I explore the quantitative relationship between the individual-level Frisch elasticity along the intensive hours-of-work margin and the macro-level Frisch elasticity in an equilibrium business cycle model. I extend the pure indivisible labor model of Rogerson (1988) and Hansen (1985), allowing firms to choose hours as well as employment. Although a firm would optimally select a fixed workweek given a nonlinear mapping from hours worked to labor services, it has an incentive to adjust both hours (the intensive margin) and employment (the extensive margin) over the business cycle when confronted with employment adjustment costs. A notable feature of the performance of my model is its ability to reproduce both the volatility and persistence of aggregate hours along the intensive margin while retaining the success of the pure indivisible labor models in terms of the large volatility of total hours. My quantitative analysis reveals that the macro labor supply elasticity is approximately twice as large as the individual labor supply elasticity, and thus accounts for a significant portion of the discrepancy between micro- versus macro- based measures of the elasticity of labor supply.

Finite Wage Elasticity of Labor Supply to the Firm

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Publisher :
ISBN 13 :
Total Pages : 13 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Finite Wage Elasticity of Labor Supply to the Firm by : Robert G. James

Download or read book Finite Wage Elasticity of Labor Supply to the Firm written by Robert G. James and published by . This book was released on 2015 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: Joan Robinson first suggested that the labor supply curve for a firm may be upward sloping with a finite wage elasticity. Recently, a rapidly growing volume of microeconomics studies have found empirical support for Robinson's suggestion. This paper develops two macroeconomic implications. First, owners of non-labor resources receive rents above their contribution to production. Thus, estimates of non-labor productivity that utilize market returns have a bias. Second, deceased wage elasticity of labor supply for firms may amplify and/or cause recessions. Implementing policies to reverse a decreased elasticity may be an appropriate response to a recession. Empirical evidence from recessions is found to be consistent with finite pro-cyclical wage elasticity.

Labor Markets and Employment Relationships

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Publisher : John Wiley & Sons
ISBN 13 : 1405142308
Total Pages : 586 pages
Book Rating : 4.4/5 (51 download)

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Book Synopsis Labor Markets and Employment Relationships by : Joyce Jacobsen

Download or read book Labor Markets and Employment Relationships written by Joyce Jacobsen and published by John Wiley & Sons. This book was released on 2008-04-15 with total page 586 pages. Available in PDF, EPUB and Kindle. Book excerpt: This innovative text grounds the economic analysis of labor markets and employment relationships in a unified theoretical treatment of labor exchange conditions. In addition to providing thorough coverage of standard topics including labor supply and demand, human capital theory, and compensating wage differentials, the text draws on game theory and the economics of information to study the implications of key departures from perfectly competitive labor market conditions. Analytical results are consistently applied to contemporary policy issues and empirical debates. Provides a coherent theoretical framework for the analysis of labor market phenomena Features graphical in-chapter analysis supplemented by technical material in appendices Incorporates numerous end-of-chapter questions that engage the analysis and anticipate subsequent results Includes innovative chapters on employee compensation methods, market segmentation, income inequality and labor market dynamics Balances theoretical, empirical and policy analysis

Labor Demand

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ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Labor Demand by : Daniel S. Hamermesh

Download or read book Labor Demand written by Daniel S. Hamermesh and published by . This book was released on 1991 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study reviews empirical research on the demand for labor. The static analysis discusses the production parameters describing homogeneous labor and labor disaggregated along various criteria; the distinction between workers and hours; the importance of job dynamics; and the nature of a variety of policies that affect the long-run demand for labor. Issues in the dynamics of demand for workers and hours, including speeds of adjustment for homogeneous and heterogeneous labor, asymmetries, and the nature of adjustment costs are presented. The paper emphasizes how the paucity of appropriate data has limited our ability to obtain reliable estimates of the underlying concepts.

An Empirical Analysis of the Daily Labor Supply of Stadium Vendors

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis An Empirical Analysis of the Daily Labor Supply of Stadium Vendors by : Gerald S. Oettinger

Download or read book An Empirical Analysis of the Daily Labor Supply of Stadium Vendors written by Gerald S. Oettinger and published by . This book was released on 1999 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the daily labor supply behavior of food and beverage vendors at a single stadium over an entire baseball season. This labor market is attractive for the study of labor supply both because the vendors unilaterally decide whether to participate on each game date and because changes in product demand conditions across days are large and highly predictable, generating exogenous game-to-game variation in the vendor "wage." I exploit the observable shifts in product demand conditions across games to estimate the labor supply (participation) elasticity of stadium vendors. Estimates that recognize that demand conditions and vendor labor supply decisions simultaneously determine the vendor wage always find substantial labor supply elasticities, typically in the .55-.65 range. In contrast, estimates that ignore the endogeneity of the vendor wage yield severely downward-biased labor supply elasticities. These results highlight the importance of using demand shift instruments to identify labor supply elasticities in specific labor markets.

Loss Aversion and Labor Supply

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ISBN 13 :
Total Pages : 20 pages
Book Rating : 4.:/5 (535 download)

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Book Synopsis Loss Aversion and Labor Supply by : Lorenz Goette

Download or read book Loss Aversion and Labor Supply written by Lorenz Goette and published by . This book was released on 2004 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Do Workers Work More If Wages are High?

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Publisher :
ISBN 13 :
Total Pages : 26 pages
Book Rating : 4.:/5 (255 download)

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Book Synopsis Do Workers Work More If Wages are High? by : Ernst Fehr

Download or read book Do Workers Work More If Wages are High? written by Ernst Fehr and published by . This book was released on 2005 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: