Tag
Wage Elasticity
2 findings
Labour & employmentCalibrated Labor Supply Elasticity of Housing SubsidiesCalibrated utility parameters ($\mu = 0.7285$) yield an income elasticity of -0.09 and a compensated wage elasticity of 0.15.RCTLabour & employmentEffective Wage Differential Bundle MechanismThe logit intercept divided by the slope directly identifies the marginal value of time, proving that effective wage variation cleanly isolates willingness to supply incremental work hours without income effects.RCT