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- W2004836413 abstract "This paper reexamines the empirical validity of the intertemporal substitution hypothesis by reinterpreting existing empirical labor supply studies. A dynamic labor supply model is proposed and is used as a unifying framework for various studies. Evidence discernible from those reinterpretations supports the view that a typical worker increases working hours in response to a wage increase perceived to be transitory, but decreases working hours in response to a permanent wage increase. Specifically, the evidence strongly suggests that the short run labor supply elasticity exceeds 1. [824]" @default.
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- W2004836413 date "1987-12-01" @default.
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- W2004836413 title "The Intertemporal Substitution Hypothesis: A Quantitative Reassessment" @default.
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- W2004836413 doi "https://doi.org/10.1080/10168738700000029" @default.
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