The labor-supply elasticity and borrowing constraints: Why estimates are biased

The intertemporal labor-supply elasticity is often a central element in macroeconomic analysis. We argue that assumptions underlying previous econometric estimates of the labor-supply elasticity are inconsistent with incomplete-markets economies. In particular, if the econometrician ignores borrowin...

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Bibliographic details
Volume: 9
Main Author: Domeij, David
Flodén, Martin
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: SAN DIEGO Elsevier Inc 2006
ACADEMIC PRESS INC ELSEVIER SCIENCE
Elsevier B.V
Stockholm: Stockholm School of Economics, The Economic Research Institute (EFI)
published in: Review of economic dynamics Vol. 9; no. 2; pp. 242 - 262
Data of publication: 2006
ISSN: 1094-2025
1096-6099
EISSN: 1096-6099
Classification Codes:




Dewey Decimal Classification: 330
Discipline: Economics
Subjects:
J22
E24
Online Access: available in Bonn?
Database: Social Sciences Citation Index
Web of Science - Social Sciences Citation Index - 2006
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