Estimating Earnings Adjustment Frictions: Method and Evidence from the Social Security Earnings Test
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We introduce a method for estimating the cost of adjusting earnings, as well as the earnings elasticity. Our method uses information on bunching in the earnings distribution at convex budget set kinks before and after policy-induced changes in the magnitude of the kinks: the larger is the adjustment
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美国国家经济研究局创建时间：
2013-10-01
