000			02467cam a22003497 4500
001			w15746
003			NBER
005			20211020111254.0
006			m o d
007			cr cnu||||||||
008			210910s2010 mau fo 000 0 eng d
100	1		_aAshenfelter, Orley C.
245	1	2	_aA Shred of Credible Evidence on the Long Run Elasticity of Labor Supply / _cOrley C. Ashenfelter, Kirk B. Doran, Bruce Schaller.
260			_aCambridge, Mass. _bNational Bureau of Economic Research _c2010.
300			_a1 online resource: _billustrations (black and white);
490	1		_aNBER working paper series _vno. w15746
500			_aFebruary 2010.
520	3		_aVirtually all public policies regarding taxation and the redistribution of income rely on explicit or implicit assumptions about the long run effect of wages rates on labor supply. The available estimates of the wage elasticity of male labor supply in the literature have varied between -0.2 and 0.2, implying that permanent wage increases have relatively small, poorly determined effects on labor supplied. 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 introduce a panel data set of taxi drivers who choose their own hours, and who experienced two exogenous permanent fare increases instituted by the New York City Taxi and Limousine Commission, and we use these data to fit a simple structural labor supply function. Our estimates suggest that the elasticity of labor supply is about -0.2, implying that income effects dominate substitution effects in the long run labor supply of males.
530			_aHardcopy version available to institutional subscribers
538			_aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538			_aMode of access: World Wide Web.
588	0		_aPrint version record
690		7	_aH31 - Household _2Journal of Economic Literature class.
690		7	_aJ22 - Time Allocation and Labor Supply _2Journal of Economic Literature class.
700	1		_aDoran, Kirk B.
700	1		_aSchaller, Bruce.
710	2		_aNational Bureau of Economic Research.
830		0	_aWorking Paper Series (National Bureau of Economic Research) _vno. w15746.
856	4	0	_uhttps://www.nber.org/papers/w15746
856			_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w15746
942			_2ddc _cW-PAPER
999			_c332381 _d290943