Code for: MICRO VS MACRO LABOR SUPPLY ELASTICITIES: THE ROLE OF DYNAMIC RETURNS TO EFFORT
收藏ICPSR2025-01-01 更新2026-04-16 收录
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https://www.openicpsr.org/openicpsr/project/223621/version/V1/view
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资源简介：
We investigate long-run earnings responses to taxes in the presence of dynamic returns to effort. First, we develop a theoretical model of earnings determination with dynamic returns to effort. In this model, earnings responses are delayed and mediated by job switches. Second, using administrative data from Denmark, we verify our model’s predictions about earnings and hours-worked patterns over the lifecycle. Third, we provide a quasi-experimental analysis of long-run earnings elasticities. Informed by our model, the empirical strategy exploits variation among job switchers. We find that the long-run elasticity is around 0.5, considerably larger than the short-run elasticity of roughly 0.2.<br>
提供机构：
University of Copenhagen; Princeton University
创建时间：
2025-01-01
