G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w15746
来源IDWorking Paper 15746
A Shred of Credible Evidence on the Long Run Elasticity of Labor Supply
Orley C. Ashenfelter; Kirk B. Doran; Bruce Schaller
发表日期2010-02-18
出版年2010
语种英语
摘要Virtually all public policies regarding taxation and the redistribution of income rely on explicit or implicit assumptions about the long run effect of wages rates on labor supply. The available estimates of the wage elasticity of male labor supply in the literature have varied between -0.2 and 0.2, implying that permanent wage increases have relatively small, poorly determined effects on labor supplied. The variation in existing estimates calls for a simple, natural experiment in which men can change their hours of work, and in which wages have been exogenously and permanently changed. We introduce a panel data set of taxi drivers who choose their own hours, and who experienced two exogenous permanent fare increases instituted by the New York City Taxi and Limousine Commission, and we use these data to fit a simple structural labor supply function. Our estimates suggest that the elasticity of labor supply is about -0.2, implying that income effects dominate substitution effects in the long run labor supply of males.
主题Public Economics ; Taxation ; Labor Economics ; Labor Supply and Demand
URLhttps://www.nber.org/papers/w15746
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/573416
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Orley C. Ashenfelter,Kirk B. Doran,Bruce Schaller. A Shred of Credible Evidence on the Long Run Elasticity of Labor Supply. 2010.
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