Browsing Harvard Kennedy School by Author "Olsen, Tore"
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Adjustment Costs, Firm Responses, and Micro vs. Macro Labor Supply Elasticities: Evidence from Danish Tax Records
Chetty, Raj; Friedman, John Norton; Olsen, Tore; Pistaferri, Luigi (MIT Press, 2011)We show that the effects of taxes on labor supply are shaped by interactions between adjustment costs for workers and hours constraints set by firms. We develop a model in which firms post job offers characterized by an ...