Does Indivisible Labor Explain the Difference between Micro and Macro Elasticities?

 

Does Indivisible Labor Explain the Difference between Micro and Macro Elasticities? A Meta-Analysis of Extensive  Margin Elasticities

Authors: Raj Chetty, Adam Guren, Day Manoli,  Andrea Weber

Chetty, Raj, Adam Guren, Day Manoli, and Andrea Weber. “Does Indivisible Labor Explain the Difference between Micro and Macro Elasticities? A Meta-Analysis of Extensive Margin Elasticities.” NBER Macroeconomics Annual (2012).

This paper reviews microeconometric evidence on labor supply elasticities and presents calibrations of macroeconomic models to quasi-experimental studies.

 

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