Loss Aversion and Adaptation in the Labor Market: Empirical Indifference Functions and Labor Supply

1996 ◽  
Vol 78 (3) ◽  
pp. 441 ◽  
Author(s):  
L. F. Dunn
Keyword(s):  
Labor Market ◽  
Labor Supply ◽  
Loss Aversion

Implications of higher retirement age for the labor market

2017 ◽  
pp. 22-39 ◽  
Author(s):  
M. Ivanova ◽  
A. Balaev ◽  
E. Gurvich
Keyword(s):  
Economic Growth ◽  
Labor Market ◽  
Labor Supply ◽  
Labor Force ◽  
Labor Demand ◽  
Retirement Age ◽  
Demographic Trends ◽  
Men And Women ◽  
Demographic Projections ◽  
The Impact

The paper considers the impact of the increase in retirement age on labor supply and economic growth. Combining own estimates of labor participation and demographic projections by the Rosstat, the authors predict marked fall in the labor force (by 5.6 million persons over 2016-2030). Labor demand is also going down but to a lesser degree. If vigorous measures are not implemented, the labor force shortage will reach 6% of the labor force by the period end, thus restraining economic growth. Even rapid and ambitious increase in the retirement age (by 1 year each year to 65 years for both men and women) can only partially mitigate the adverse consequences of demographic trends.

Are You Ready for Some Football? Estimating the Effect of American Football Season on Labor Supply in the United States

2021 ◽  
pp. 152700252110246
Author(s):  
Luke Petach ◽  
Dustin Rumbaugh
Keyword(s):  
United States ◽  
Labor Market ◽  
Labor Supply ◽  
Economic Cost ◽  
The United States ◽  
American Football ◽  
Hourly Wage ◽  
Market Models ◽  
Supply Effect ◽  
The Business Cycle

American football season reduces the Monday labor hours of employed men by two-thirds of an hour. A similar effect is found for Friday labor hours. We term these effects the “hangover effect” and “happy hour effect.” Consistent with a wide class of labor market models, the labor supply effect varies over the business cycle, increasing in expansions. The hangover effect implies an intertemporal elasticity of labor supply on the order of 0.014. Evaluated at the median hourly wage, our estimates imply an annual economic cost of foregone earnings associated with football season in the neighborhood of $5.06 billion.

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 Marriage and Marriage Markets

2017 ◽  
pp. 54-74
Author(s):  
Shoshana Grossbard
Keyword(s):  
Labor Market ◽  
Sex Ratio ◽  
Labor Supply ◽  
Empirical Evidence ◽  
Sex Ratios ◽  
Economic Models ◽  
Marriage Markets ◽  
Gary Becker ◽  
Marriage Formation ◽  
The Impact

This chapter reviews models of marriage, with special emphasis on how the sex ratio can help explain outcomes such as marriage formation, the intramarriage distribution of consumption goods, labor supply, savings, type of relationship, divorce, and intermarriage. Economic models of marriage pioneered by Gary Becker are reviewed in the first section and then extended in the next section to incorporate the labor market for the work-in-household approach of Grossbard. The following section discusses challenges in identifying exogenous variation in sex ratios and presents empirical evidence on the impact of sex ratios on labor supply, consumption, savings, and several other outcomes.

scholarly journals Can Women Have Children and a Career? IV Evidence from IVF Treatments

2017 ◽  
Vol 107 (6) ◽  
pp. 1611-1637 ◽  
Author(s):  
Petter Lundborg ◽  
Erik Plug ◽  
Astrid Würtz Rasmussen
Keyword(s):  
Labor Market ◽  
In Vitro Fertilization ◽  
Labor Supply ◽  
Causal Effect ◽  
Treatment Success ◽  
Extensive Margin ◽  
Vitro Fertilization ◽  
Childless Women ◽  
Fertility Variation

This paper introduces a new IV strategy based on IVF (in vitro fertilization) induced fertility variation among childless women to estimate the causal effect of having children on their career. For this purpose, we use administrative data on IVF treated women in Denmark. Because observed chances of IVF success do not depend on labor market histories, IVF treatment success provides a plausible instrument for childbearing. Our IV estimates indicate that fertility effects on earnings are: (i) negative, large, and long-lasting; (ii) driven by fertility effects on hourly earnings and not so much on labor supply; and (iii) much stronger at the extensive margin than at the intensive margin. (JEL D82, J13, J16, J22, J31, J32)

Marriage and Labor Market Outcomes

2020 ◽  
Author(s):  
Terra McKinnish
Keyword(s):  
Labor Market ◽  
Labor Supply ◽  
Labor Market Outcomes ◽  
Marriage Market ◽  
Marital Stability ◽  
Market Outcomes ◽  
Outside Option ◽  
Income Effects ◽  
And Gender ◽  
Premarital Investments

Marriage and labor market outcomes are deeply related, particularly for women. A large literature finds that the labor supply decisions of married women respond to their husbands’ employment status, wages, and job characteristics. There is also evidence that the effects of spouse characteristics on labor market outcomes operate not just through standard neoclassical cross-wage and income effects but also through household bargaining and gender norm effects, in which the relative incomes of husband and wife affect the distribution of marital surplus, marital satisfaction, and marital stability. Marriage market characteristics affect marital status and spouse characteristics, as well as the outside option, and therefore bargaining power, within marriage. Marriage market characteristics can therefore affect premarital investments, which ultimately affect labor market outcomes within marriage and also affect labor supply decisions within marriage conditional on these premarital investments.

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