| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w15617 |
| 来源ID | Working Paper 15617 |
| Adjustment Costs, Firm Responses, and Micro vs. Macro Labor Supply Elasticities: Evidence from Danish Tax Records | |
| Raj Chetty; John N. Friedman; Tore Olsen; Luigi Pistaferri | |
| 发表日期 | 2009-12-29 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | We show that the effects of taxes on labor supply are shaped by interactions between adjustment costs for workers and hours constraints set by firms. We develop a model in which firms post job offers characterized by an hours requirement and workers pay search costs to find jobs. In this model, micro elasticities are smaller than macro elasticities because they do not account for adjustment costs and firm responses. We present evidence supporting three predictions of the model by analyzing bunching at kinks using the universe of tax records in Denmark. First, larger kinks generate larger taxable income elasticities because they are more likely to overcome search costs. Second, kinks that apply to a larger group of workers generate larger elasticities because they induce changes in hours constraints. Third, firms tailor job offers to match workers' aggregate tax preferences in equilibrium. Calibrating our model to match these empirical findings, we obtain a lower bound on the intensive-margin macro elasticity of 0.34, an order of magnitude larger than the estimates obtained using standard microeconometric methods for wage earners in our data. |
| 主题 | Macroeconomics ; Fiscal Policy ; Public Economics ; Taxation ; Labor Economics ; Labor Supply and Demand |
| URL | https://www.nber.org/papers/w15617 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/573293 |
| 推荐引用方式 GB/T 7714 | Raj Chetty,John N. Friedman,Tore Olsen,et al. Adjustment Costs, Firm Responses, and Micro vs. Macro Labor Supply Elasticities: Evidence from Danish Tax Records. 2009. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w15617.pdf（1074KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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