Question: One difficulty in estimating labor supply elasticities is in measuring hours of work accurately. Specifically, the problem is that Multiple choice question. workers paid by
One difficulty in estimating labor supply elasticities is in measuring hours of work accurately. Specifically, the problem is that Multiple choice question. workers paid by the hour rarely remember how many hours they worked. changes in hours work are sensitive to the time span under consideration--a day, a week, or a month. firms count the number of people they hire, not the number of hours of paid work. workers do not choose their hours of work
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