A Shred of Credible Evidence on the Long‐run Elasticity of Labour Supply
Bibliographic Data
| ID | 9723566 |
|---|---|
| Authors | Orley Ashenfelter (Princeton University), KIRK DORAN (0000-0003-3188-6468, University of Notre Dame), BRUCE SCHALLER (New York City Department of Transportation) |
| Year | 2010 |
| Volume | 77 |
| Issue | 308 |
| Pages | 637-650 |
| Publication date | 2010-10-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1468-0335.2010.00858.x |
| OpenAlex | W2168232369 |
| Language | EN |
| Citations received | 2 |
| References cited | 8 |
All public policies regarding taxation and the redistribution of income rely on assumptions about the long‐run effect of wages rates on labour supply. The variation in existing estimates calls for a simple, natural experiment in which men can change their hours of work, and in which wages have been exogenously and permanently changed. We use a panel dataset of taxi drivers who choose their own hours, and who experienced two exogenous permanent fare increases, and estimate an elasticity of labour supply of −0.2, implying that income effects dominate substitution effects in the long‐run labour supply of males
Econometrics · Economics · Elasticity (physics) · Labour economics · Labour supply · Microeconomics · Monetary economics · Panel data · Price elasticity of demand · Price elasticity of supply · Redistribution (election) · Short run · Supply side · Financial Literacy, Pension, Retirement Analysis · Fiscal Policy and Economic Growth · Gender, Labor, and Family Dynamics
| Unique citing works | 2 |
|---|---|
| Citations per year | 0,22 |
| Citation span | 2017 - 2024 (8) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 2 |