| Type | Journal Article - Applied Econometrics |
| Title | The elasticity of labor supply in Russia |
| Author(s) | |
| Volume | 41 |
| Publication (Day/Month/Year) | 2016 |
| Page numbers | 47-61 |
| URL | https://ideas.repec.org/a/ris/apltrx/0284.html |
| Abstract | The paper estimates the wage elasticity of labor supply in Russia. As a measure of labor supply elasticity, the percent change of the probability of having a job in response to wage change is used. The paper shows that an estimate of the elasticity can be obtained from the two-step Heckman’s procedure. Empirical analysis is based on the RLMS–HSE data for the period from 1994 to 2014. The main conclusion is that the estimate of labor supply elasticity in Russia is significantly higher than zero and lower than one. |