NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Labor Supply: Are the Income and Substitution Effects Both Large or Both Small?

Miles S. Kimball, Matthew D. Shapiro

NBER Working Paper No. 14208
Issued in July 2008

---- Acknowledgements -----

This research was funded by National Institute on Aging grant P01-AG10179. We are grateful to F. Thomas Juster for help in designing the survey instrument, to Robert Barsky for collaboration in the early stage of this project, and to John Bound and Gary Solon for important suggestions. Ana Quinones and Brahima Coulibaly provided outstanding research assistance. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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