scholarly journals The Frisch Elasticity in the Mercosur Countries: A Pseudo-Panel Approach

2014 ◽  
Vol 33 (1) ◽  
pp. 107-131 ◽  
Author(s):  
Roberto González ◽  
Hector Sala
2017 ◽  
Vol 50 (4) ◽  
pp. 262-267 ◽  
Author(s):  
Hyungserk Ha ◽  
Chirok Han ◽  
Beomsoo Kim
Keyword(s):  

Author(s):  
Natthaphat Kingnetr ◽  
Supanika Leurcharusmee ◽  
Jirakom Sirisrisakulchai ◽  
Songsak Sriboonchitta

CEPAL Review ◽  
2017 ◽  
Vol 2016 (120) ◽  
pp. 119-130
Author(s):  
Armando Sánchez V. ◽  
Verónica Villarespe R. ◽  
Diego A. Román C. ◽  
Ana Liz Herrera M.
Keyword(s):  

2021 ◽  
Author(s):  
Tomas Havranek ◽  
Roman Horvath ◽  
Ali Elminejad

The intertemporal substitution (Frisch) elasticity of labor supply governs the predictions of real business cycle models and models of taxation. We show that, for the extensive margin elasticity, two biases conspire to systematically produce large positive estimates when the elasticity is in fact zero. Among 723 estimates in 36 studies, the mean reported elasticity is 0.5. One half of that number is due to publication bias: larger estimates are reported preferentially. The other half is due to identification bias: studies with less exogenous time variation in wages report larger elasticities. Net of the biases, the literature implies a zero mean elasticity and, with 95% confidence, is inconsistent with calibrations above 0.25. To derive these results we collect 23 variables that reflect the context in which the elasticity was obtained, use nonlinear techniques to correct for publication bias, and employ Bayesian and frequentist model averaging to address model uncertainty.


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