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Labor Supply Elasticities: Overcoming Nonclassical Measurement Error Using More Accurate Hours Data

Labor Supply Elasticities: Overcoming Nonclassical Measurement Error Using More Accurate Hours Data <p>ABSTRACT:</p><p>We measure the impact of measurement error in labor supply elasticities estimated over recalled usual work hours, as is ubiquitous in the literature. We employ data on hours of work in diaries collected by the American Time Use Survey, 2003–2015, along with the same respondents’ recalled usual work hours. Estimates using the latter yield elasticities that are positively biased. We argue that this bias arises from the salient effects of differences in wage rates on recalled hours.</p> http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Human Resources University of Wisconsin Press

Labor Supply Elasticities: Overcoming Nonclassical Measurement Error Using More Accurate Hours Data

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Publisher
University of Wisconsin Press
Copyright
©by the Board of Regents of the University of Wisconsin System
ISSN
1548-8004

Abstract

<p>ABSTRACT:</p><p>We measure the impact of measurement error in labor supply elasticities estimated over recalled usual work hours, as is ubiquitous in the literature. We employ data on hours of work in diaries collected by the American Time Use Survey, 2003–2015, along with the same respondents’ recalled usual work hours. Estimates using the latter yield elasticities that are positively biased. We argue that this bias arises from the salient effects of differences in wage rates on recalled hours.</p>

Journal

Journal of Human ResourcesUniversity of Wisconsin Press

Published: Jan 14, 2019

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