Chapter 2 Female labor supply: A survey

Killingsworth, Mark R.; Heckman, James J.

doi:10.1016/s1573-4463(86)01005-2

Cited by 623 publications

(450 citation statements)

References 79 publications

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“…The review contains a number of seminal articles, but is certainly not meant to be exhaustive. For more complete surveys on the topic we refer to Pencavel (1986); Killingsworth and Heckman (1986) and Blundell and MaCurdy (1999).…”

Section: The Empirical Literature On Labour Supply Elasticitiesmentioning

confidence: 99%

The Wage Elasticity of Labour Supply: A Synthesis of Empirical Estimates

2008

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SummaryThis paper performs a meta-analysis of empirical estimates of uncompensated labour supply elasticities. For the Netherlands, we find that an elasticity of 0.5 for women and 0.1 for men is a good reflection of what the literature reveals. The elasticity for men hardly differs between countries, but for women some cross-country variation is found. The increasing participation rate of women may lead to a somewhat lower elasticity in the future. Both the specification of the hours function and the estimation method are found to affect elasticity estimates.

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Section: The Empirical Literature On Labour Supply Elasticitiesmentioning

confidence: 99%

The Wage Elasticity of Labour Supply: A Synthesis of Empirical Estimates

2008

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“…However, paid working hours for men have declined, whereas for women they have increased substantially (Killingsworth and Heckman 1986). Contemporary time allocation decisions also show gender differences.…”

Section: Gender Of the Entrepreneurmentioning

confidence: 99%

Allocation and productivity of time in new ventures of female and male entrepreneurs

Verheul

Carree²,

Thurik

2009

Small Bus Econ

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This paper investigates time allocation decisions in new ventures of female and male entrepreneurs using a model that distinguishes between effects of preferences and productivity on the number of working hours. Using data of 1,158 entrepreneurs we find that the preference for work time in new ventures relates to start-up motivation, propensity to take risk and availability of other income. Productivity of work time relates to human, financial and social capital endowments and the prevalence of outsourcing activities. This study also evaluates actual profit effects 1 year after start-up. We find that on average women invest less time in the business than men. This can be attributed to both a lower preference for work time (driven by risk aversion and availability of other income) and a lower productivity per hour worked (due to lower endowments of human, social and financial capital).

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“…For sand effects, which can be either positive or negative, supply elasticities also matter. We use uncompensated labor supply elasticities from 0.0 to 0.6, reflecting widely-varying implied estimates when both men and women are in the market (Pencavel, 1986;Killingsworth and Heckman, 1986). Figure 6 shows simulated total unemployment effects of inflation due to grease and sand.…”

Section: Net Impact Of Grease and Sand Effects --Simulated Unemplomentioning

confidence: 99%

Identifying Inflations Grease and Sand Effects in the Labor Market

Groshen¹,

Schweitzer²

1997

Working Paper (Federal Reserve Bank of Cleveland)

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Inflation has been accused of causing distortionary price and wage fluctuations (sand) as well as lauded for facilitating adjustments to shocks when wages are rigid downwards (grease). This paper investigates whether these two effects can be distinguished from each other in a labor market by the following identification strategy:inflation-induced deviations among employers' mean wage-changes represent unintended intramarket distortions (sand), while inflation-induced, inter-occupational wage-changes reflect intended alignments with intermarket forces (grease).Using a unique 40-year panel of wage changes made by large mid-western employers, we find a wide variety of evidence to support the identification strategy. We also find some indications that occupational wages in large firms gained flexibility in the past four years. These results strongly support other findings that grease and sand effects exist, but also suggest that they offset each other in a welfare sense and in unemployment effects. Thus, at levels up to five percent, the net impact of inflation is beneficial but statistically indistinguishable from zero. It turns detrimental after that. When positive, net benefits never exceed a tenth of gross benefits.

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Chapter 2 Female labor supply: A survey

Cited by 623 publications

References 79 publications

The Wage Elasticity of Labour Supply: A Synthesis of Empirical Estimates

The Wage Elasticity of Labour Supply: A Synthesis of Empirical Estimates

Allocation and productivity of time in new ventures of female and male entrepreneurs

Identifying Inflations Grease and Sand Effects in the Labor Market

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