Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/191960
Authors: 
Acosta, Nicolás
Jaramillo Calderón, Daniel
Mejía, Ramiro
Year of Publication: 
2017
Citation: 
[Journal:] Atlantic Review of Economics [ISSN:] 2174-3835 [Volume:] 1 [Year:] 2017
Abstract (Translated): 
Using a quasi-experimental design with pooled cross section over time model, this paper explore the effect of the financial crisis known as the Great Recession on the labor supply in Ecuador. The remittances perceived declined due to the economic contraction in the United States and Spain, so the trade-off, between leisure and work, of the remittances perceivers might be affected. When household income decreases, labor supply increases that imply a reduction in leisure time in order to offset the decline of the income (substitution effect is larger than income effect). The model suggest that the probability of working additional hours for a individual who receives remittances rose approximately 5% with greater prevalence on men, single and persons with higher years of schooling.
Subjects: 
remittances
labor supply
pooled cross-section over time
financial crisis
probit
logit
JEL: 
J21
F24
C31
Document Type: 
Article
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