A Cohort Analysis of the Association between Work Hours and Wages among Men
利用1967-1998年当前人口调查的伪面板数据,区分了跨期工资弹性与未补偿工资弹性,发现男性未补偿工资弹性对小时方程设定敏感,且近期研究测得的更接近跨期弹性。
The results of some recent ingenious labor supply research may appear incompatible with the notion that uncompensated wage elasticities for men are small, perhaps negative. This paper argues there is no incompatibility. The methodology in this recent research results in computing wage responses that come closer to measuring intertemporal wage elasticities than to uncompensated wage elasticities. To demonstrate this, I use pseudopanel data constructed from the March Current Population Surveys from 1967 to 1998 to measure both intertemporal wage elasticities and uncompensated wage elasticities. The latter appear sensitive to the particular specification of the hours equation.