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pro vyhledávání: '"Elminejad, Ali"'
Publikováno v:
In Review of Economic Dynamics December 2023 51:1095-1113
Akademický článek
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Autor:
ELMINEJAD, Ali1 ali.elminejad@fsv.cuni.cz
Publikováno v:
Finance a Uver: Czech Journal of Economics & Finance. 2022, Vol. 72 Issue 2, p104-123. 20p.
We collect 1,021 estimates from 92 studies that use the consumption Euler equation to measure relative risk aversion and that disentangle it from intertemporal substitution. We show that calibrations of risk aversion are typically larger than estimat
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od______1687::4c3b37c14ed3888b0d972be2a4e6a9d3
https://hdl.handle.net/10419/260586
https://hdl.handle.net/10419/260586
We collect 1,021 estimates from 92 studies that use the consumption Euler equation to measure relative risk aversion and that disentangle it from intertemporal substitution. We show that calibrations of risk aversion are typically larger than estimat
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od______1687::2fe926a73fe6814a7e70f99bc665aed9
https://hdl.handle.net/10419/265200
https://hdl.handle.net/10419/265200
The intertemporal substitution (Frisch) elasticity of labor supply governs the predictions of real business cycle models and models of taxation. We show that, for the extensive margin elasticity, two biases conspire to systematically produce large po
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::2c0fa66f51653d0deabacb05e56e7b69
https://doi.org/10.31222/osf.io/nshqx
https://doi.org/10.31222/osf.io/nshqx
A key parameter in structural models is the Frisch elasticity of labor supply at the extensive margin, but empirical estimates vary greatly. We provide a quantitative synthesis of the literature. To this end, we collect 723 estimates from 36 studies
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od______1687::b275f760589e8b66e16a2f920d2cc8ec
https://hdl.handle.net/10419/228114
https://hdl.handle.net/10419/228114