Micro and Macro Labor Supply Elasticities: A Reassessment of Conventional Wisdom

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Comparing Labor Supply Elasticities in Europe and the US: New Results (2012, unknown): “However, macro estimates can however be reconciled with micro ones when using life cycle models with human capital accumulation (Keane and Rogerson, 2012).”
Families in Macroeconomics (2016, unknown): “This is what we alluded to at the end of Section 2.4 and modeled more explicitly in the endogenous bargaining model of Section 2.5. A limited literature on dynamic household decisions pursues this avenue. A model based on limited commitment will lead to endogenous shifts in bargaining power over tim”
Optimal Time-Consistent Macroprudential Policy (2017, background): “The Frisch elasticity of labor supply (1=q) is set equal to two, in the range of estimates typically used in macro models (see Keane and Rogerson 2012).”