On the Measurement of the Elasticity of Labour

Item Type Monograph (Working Paper)
Abstract

We use a simple macroeconomic model to illustrate the difference between the Frisch elasticity, understood as a structural behavioural parameter, and the elasticity of labour measured through a tax holiday; a setup used in the micro-applied literature to measure the responsiveness of labour to changes in the returns to work. We show that a high Frisch elasticity is compatible with a measured elasticity of the same order of magnitude as the micro-applied estimates.

Authors Valladares-Esteban, Arnau & Onken, Joern
Language English
Subjects economics
social sciences
HSG Classification contribution to scientific community
HSG Profile Area SEPS - Economic Policy
Date November 2020
Official URL http://www.arnau.eu/MeasureElasticity.pdf
Depositing User Prof. Ph.D Charles Gottlieb
Date Deposited 24 Feb 2021 21:47
Last Modified 24 Feb 2021 22:23
URI: https://www.alexandria.unisg.ch/publications/262454

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Citation

Valladares-Esteban, Arnau & Onken, Joern: On the Measurement of the Elasticity of Labour. , 2020,

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https://www.alexandria.unisg.ch/id/eprint/262454
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