Arbeitspapier
Labor Supply Elasticities: Overcoming Nonclassical Measurement Error Using More Accurate Hours Data
We measure the impact of measurement error in labor-supply elasticities estimated over recalled usual work hours, as is ubiquitous in the literature. Employing hours of work in diaries collected by the American Time Use Survey, 2003-12, along with the same respondents' recalled usual hours, we show that the latter yield elasticities that are positively biased. We argue that this bias arises from the salience on recalled hours of differences in wage rates.
- Sprache
-
Englisch
- Erschienen in
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Series: IZA Discussion Papers ; No. 10404
- Klassifikation
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Wirtschaft
Time Allocation and Labor Supply
Single Equation Models; Single Variables: Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions
- Thema
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time use
measurement error
labor supply
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Barrett, Garry F.
Hamermesh, Daniel S.
- Ereignis
-
Veröffentlichung
- (wer)
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Institute of Labor Economics (IZA)
- (wo)
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Bonn
- (wann)
-
2016
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Barrett, Garry F.
- Hamermesh, Daniel S.
- Institute of Labor Economics (IZA)
Entstanden
- 2016