scholarly journals Intertemporal substitution in consumption, labor supply elasticity and sunspot fluctuations in continuous-time models

2007 ◽  
Vol 3 (4) ◽  
pp. 235-259 ◽  
Author(s):  
Jean-Philippe Garnier ◽  
Kazuo Nishimura ◽  
Alain Venditti
Keyword(s):  
Labor Supply ◽  
Continuous Time ◽  
Intertemporal Substitution ◽  
Supply Elasticity ◽  
Labor Supply Elasticity ◽  
Continuous Time Models

scholarly journals Kwacha Gonna Do? Experimental Evidence about Labor Supply in Rural Malawi

2016 ◽  
Vol 8 (1) ◽  
pp. 129-149 ◽  
Author(s):  
Jessica Goldberg
Keyword(s):  
Labor Market ◽  
Field Experiment ◽  
Labor Supply ◽  
Experimental Evidence ◽  
Wage Distribution ◽  
Wage Elasticity ◽  
Supply Elasticity ◽  
Labor Supply Elasticity ◽  
Job Offers ◽  
Daily Wage

I use a field experiment to estimate the wage elasticity of employment in the day labor market in rural Malawi. Once a week for 12 consecutive weeks, I make job offers for a workfare-type program to 529 adults. The daily wage varies from the tenth to the ninetieth percentile of the wage distribution, and individuals are entitled to work a maximum of one day per week. In this context (the low agricultural season), 74 percent of individuals worked at the lowest wage, and consequently the estimated labor supply elasticity is low (0.15), regardless of observable characteristics. (JEL C93, J22, J31, O15, O18, R23)

scholarly journals A Labor Supply Elasticity Accord?

2011 ◽  
Vol 101 (3) ◽  
pp. 487-491 ◽  
Author(s):  
Lars Ljungqvist ◽  
Thomas J Sargent
Keyword(s):  
Life Cycle ◽  
Business Cycle ◽  
Labor Supply ◽  
Real Business Cycle ◽  
Government Institutions ◽  
Supply Elasticity ◽  
Career Length ◽  
Labor Supply Elasticity ◽  
Interior Solutions

A dispute about the size of the aggregate labor supply elasticity has been fortified by a contentious aggregation theory used by real business cycle theorists. The replacement of that aggregation theory with one more congenial to microeconomic observations opens possibilities for an accord about the aggregate labor supply elasticity. The new aggregation theory drops features to which empirical microeconomists objected and replaces them with life-cycle choices. Whether the new aggregation theory ultimately indicates a small or large macro labor supply elasticity will depend on how shocks and government institutions interact to put workers at interior solutions for career length.

Measuring Labor Market Power Two Ways

2019 ◽  
Vol 109 ◽  
pp. 317-321 ◽  
Author(s):  
José Azar ◽  
Ioana Marinescu ◽  
Marshall Steinbaum
Keyword(s):  
Labor Market ◽  
Labor Supply ◽  
Labor Markets ◽  
Market Power ◽  
Negative Relationship ◽  
Firm Level ◽  
Supply Elasticity ◽  
Labor Supply Elasticity ◽  
Monopsony Power

We compute the “applications elasticity” as a proxy for firm-level labor supply elasticity by regressing the applications to a given job on the posted wage. The average applications elasticity in our data is 0.42. We then relate our elasticity estimates to concentration in labor markets defined by six-digit SOC occupations and commuting zone. We show a robust negative relationship between the two. Applications elasticity is near zero for all but the most densely populated labor markets, suggesting that 80 percent of the workforce works in labor markets where employers exercise significant monopsony power.

The anatomy of the aggregate labor supply elasticity

2012 ◽  
Vol 15 (2) ◽  
pp. 171-187 ◽  
Author(s):  
Riccardo Fiorito ◽  
Giulio Zanella
Keyword(s):  
Labor Supply ◽  
Supply Elasticity ◽  
Labor Supply Elasticity
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