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.
- Language
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Englisch
- Bibliographic citation
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Series: IZA Discussion Papers ; No. 10404
- Classification
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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
- Subject
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time use
measurement error
labor supply
- Event
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Geistige Schöpfung
- (who)
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Barrett, Garry F.
Hamermesh, Daniel S.
- Event
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Veröffentlichung
- (who)
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Institute of Labor Economics (IZA)
- (where)
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Bonn
- (when)
-
2016
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Barrett, Garry F.
- Hamermesh, Daniel S.
- Institute of Labor Economics (IZA)
Time of origin
- 2016
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