Replication data for: Nonconvexities, Retirement, and the Elasticity of Labor Supply
- Rogerson, Richard
- Wallenius, Johanna
AbstractWe consider two life cycle models of labor supply that use nonconvexities to generate retirement. In each case we derive a link between hours worked prior to retirement, the intertemporal elasticity of substitution for labor (IES), and the size of the nonconvexities. This link is robust to allowing for credit constraints and human capital accumulation by younger workers and suggests values for the IES that are .75 or higher.
Is supplement to
DOI: 10.1257/aer.103.4.1445 (Text)
Rogerson, Richard, and Johanna Wallenius. “Nonconvexities, Retirement, and the Elasticity of Labor Supply.” American Economic Review 103, no. 4 (June 2013): 1445–62. https://doi.org/10.1257/aer.103.4.1445.
- ID: 10.1257/aer.103.4.1445 (DOI)
Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-12