# Questions tagged [frisch-elasticity]

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### Calibration of utility function parameters controlling labor disutility

Consider the very basic utility function $$u(c, n) = \log (c) - \alpha \frac{n^{1 + \frac{1}{\nu}}}{1 + \frac{1}{\nu}}$$ Where $c$ is consumption and $n$ is working hours. As the Frisch elasticity ...
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### Unemployment and the Frisch-Elasticity

There is the long debate on the Frisch-Elasticity being the driver of unemployment over the business cycle. One argument against the voluntary-unemployment mechanism of RBC models is that if we ...
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### Generalized KPR: Frisch Elasticity

Consider the following version of KPR preferences (with $l$ being leisure): $$U(c,l) = \left(\left(c\right)^\gamma l^\omega\right)^{1-\sigma}$$ I'm after the Frisch elasticity:  \frac{\partial(1-...
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It is from Hansen(1985)'s paper. Suppose that household has utility function $u(c)+v(1-h)$ and they can choose probability to work($h$) as $\alpha$. There is an insurance $b_t$ giving $1$ unit of ...