Reservation Raises: The Aggregate Labor Supply Curve at the Extensive Margin
Abstract
We measure extensive-margin labor supply (employment) preferences in two representative surveys of the U.S. and German populations. We elicit reservation raises: the percent wage change that renders a given individual indifferent between employment and nonemployment. It is equal to her reservation wage divided by her actual, or potential, wage. The reservation raise distribution is the nonparametric aggregate labor supply curve. Locally, the...
Paper Details
Title
Reservation Raises: The Aggregate Labor Supply Curve at the Extensive Margin
Published Date
May 10, 2021
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