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Labor supply after transition: evidence from the Czech Republic
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SYSNO ASEP 0363498 Document Type J - Journal Article R&D Document Type Journal Article Subsidiary J Článek ve WOS Title Labor supply after transition: evidence from the Czech Republic Author(s) Bičáková, Alena (NHU-N) RID
Slačálek, J. (CZ)
Slavík, M. (CZ)Source Title Finance a úvěr-Czech Journal of Economics and Finance. - : Univerzita Karlova v Praze - ISSN 0015-1920
Roč. 61, č. 4 (2011), s. 327-347Number of pages 21 s. Publication form www - www Language eng - English Country CZ - Czech Republic Keywords labor supply ; transition ; welfare system Subject RIV AH - Economics CEZ AV0Z70850503 - NHU-N (2005-2011) UT WOS 000294072700002 Annotation We extend the scarce evidence on the labor supply in post-transition countries by estimating the wage elasticity of labor force participation in the Czech Republic. Using household income survey data, we find that a one-percent rise in the gross wage increases the probability of working by 0.16 and 0.02 percentage points for women and men, respectively. Taking into account the tax and benefit system, these semi-elasticities fall to 0.06 for women and 0.01 for men. We interpret the difference between the estimates from the two specifications as a summary measure of the welfare system disincentives. The estimated wage elasticities lie at the lower end of the range of values reported for mature market economies. This finding is consistent with the stylized fact that the labor supply in countries with high labor force participation rates, such as the Czech Republic, tends to be less sensitive to wages. Workplace Economics Institute Contact Tomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122 Year of Publishing 2012 Electronic address http://journal.fsv.cuni.cz/storage/1217_str_327_347_-_slacalek.pdf
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