Labor Supply within the Firm

• 成果类型: Article
• 署名作者: Battisti, Michele; Michaels, Ryan; Park, Choonsung
• 署名单位: University of Glasgow; Federal Reserve System - USA; Federal Reserve Bank - Philadelphia
• 刊物名称: JOURNAL OF LABOR ECONOMICS
• ISSN/ISSBN: 0734-306X
• DOI: 10.1086/723519
• 发表日期: 2024
• 页码: 511-548
• 关键词: micro; elasticities; MODEL; wages; reallocation; substitution; PRODUCTIVITY; INEQUALITY; demand; search

摘要

There is substantial variation in working time even within employer-employee matches, yet estimates of the Frisch elasticity of labor supply can be near zero. This paper proposes a tractable theory of earnings and working time to interpret these observations. Production complementarities attenuate the response of working time to idiosyncratic, or worker-specific, shocks, but firm-wide shocks are mediated by preference parameters. The model can be identified using firm-worker matched data, revealing a Frisch elasticity of around 0.5. A quasi-experimental approach that exploits only idiosyncratic variation would find an elasticity less than half this.