Frisch elasticity of labor supply
E143682
The Frisch elasticity of labor supply is an economic measure that captures how responsive individuals’ labor supply is to changes in wages when their expected lifetime wealth is held constant.
All labels observed (2)
| Label | Occurrences |
|---|---|
| Frisch elasticity | 1 |
| Frisch elasticity of labor supply canonical | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T1252912 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: Frisch elasticity of labor supply Context triple: [Ragnar Frisch, notableConcept, Frisch elasticity of labor supply]
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A.
Inequality Reexamined
Inequality Reexamined is a philosophical and economic work by Amartya Sen that critically analyzes traditional views of inequality and justice through his capabilities approach.
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B.
American Economic Journal: Applied Economics
American Economic Journal: Applied Economics is a peer-reviewed academic journal focusing on empirical microeconomic research and real-world policy applications.
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C.
American Economic Journal: Microeconomics
American Economic Journal: Microeconomics is a peer-reviewed academic journal focusing on research in microeconomic theory and applied microeconomics.
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D.
American Economic Journal: Macroeconomics
American Economic Journal: Macroeconomics is a peer-reviewed academic journal focusing on research in macroeconomics, including topics such as economic growth, business cycles, monetary and fiscal policy, and international macroeconomics.
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E.
Phillips curve framework
The Phillips curve framework is a macroeconomic concept that posits an inverse relationship between inflation and unemployment, shaping policymakers’ understanding of inflation dynamics and trade-offs in the postwar era.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: Frisch elasticity of labor supply Target entity description: The Frisch elasticity of labor supply is an economic measure that captures how responsive individuals’ labor supply is to changes in wages when their expected lifetime wealth is held constant.
-
A.
Inequality Reexamined
Inequality Reexamined is a philosophical and economic work by Amartya Sen that critically analyzes traditional views of inequality and justice through his capabilities approach.
-
B.
American Economic Journal: Applied Economics
American Economic Journal: Applied Economics is a peer-reviewed academic journal focusing on empirical microeconomic research and real-world policy applications.
-
C.
American Economic Journal: Microeconomics
American Economic Journal: Microeconomics is a peer-reviewed academic journal focusing on research in microeconomic theory and applied microeconomics.
-
D.
American Economic Journal: Macroeconomics
American Economic Journal: Macroeconomics is a peer-reviewed academic journal focusing on research in macroeconomics, including topics such as economic growth, business cycles, monetary and fiscal policy, and international macroeconomics.
-
E.
Phillips curve framework
The Phillips curve framework is a macroeconomic concept that posits an inverse relationship between inflation and unemployment, shaping policymakers’ understanding of inflation dynamics and trade-offs in the postwar era.
- F. None of above. chosen
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
economic concept
ⓘ
intertemporal elasticity ⓘ labor supply elasticity ⓘ microeconomic concept ⓘ |
| appliesTo | labor supply ⓘ |
| assumes |
forward-looking behavior
ⓘ
intertemporal optimization ⓘ |
| condition |
marginal utility of wealth is held constant
ⓘ
wealth is held constant ⓘ |
| dependsOn |
intertemporal substitution in labor
ⓘ
preferences over consumption and leisure ⓘ |
| differsFrom |
Hicksian elasticity of labor supply
ⓘ
Marshallian elasticity of labor supply ⓘ |
| domain |
labor economics
ⓘ
macroeconomics ⓘ |
| estimatedUsing |
macro time-series data
ⓘ
micro data on hours and wages ⓘ structural labor supply models ⓘ |
| expressedAs | percentage change in hours worked divided by percentage change in wage ⓘ |
| hasAlternativeName |
Frisch elasticity
ⓘ
linked to:
Frisch elasticity of labor supply
|
| hasComponent |
extensive margin of labor supply
ⓘ
intensive margin of labor supply ⓘ |
| holdsConstant |
expected lifetime wealth
ⓘ
marginal utility of wealth ⓘ |
| influences |
impact of wage subsidies
ⓘ
labor market volatility in macro models ⓘ size of fiscal multipliers ⓘ |
| isParameterIn |
Euler equation for labor supply
ⓘ
household optimization problems ⓘ |
| measures | responsiveness of labor supply to wages ⓘ |
| namedAfter | Ragnar Frisch ⓘ |
| relatedTo |
Hicksian elasticity of labor supply
ⓘ
Marshallian elasticity of labor supply ⓘ intertemporal elasticity of substitution in consumption ⓘ labor-leisure tradeoff ⓘ |
| subjectOf | debate about appropriate calibration values ⓘ |
| typicalEmpiricalFinding |
larger at the extensive margin of labor supply
ⓘ
small for prime-age males ⓘ |
| usedFor |
analyzing business cycle fluctuations in hours worked
ⓘ
analyzing responses to temporary wage changes ⓘ calibrating macroeconomic models ⓘ evaluating labor tax distortions ⓘ |
| usedIn |
New Keynesian models
ⓘ
linked to:
New Keynesian economics
design of optimal tax systems ⓘ dynamic labor supply models ⓘ intertemporal choice models ⓘ policy analysis of labor income taxation ⓘ real business cycle models ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: Frisch elasticity of labor supply Description of subject: The Frisch elasticity of labor supply is an economic measure that captures how responsive individuals’ labor supply is to changes in wages when their expected lifetime wealth is held constant.
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.
linked to: Frisch elasticity of labor supply