Labor Supply Preferences, Hours Constraints, and Hours-Wage Trade-offs
نویسندگان
چکیده
منابع مشابه
Labor Supply with a Minimum Hours Threshold
This paper considers the importance of minimum hours thresholds for the interpretation of individual labor supply data. An analysis of quarterly labor-supply outcomes for prime-age males in the Survey of Income and Program Participation suggests that such thresholds are an important aspect of weekly hours choices. A simple contracting model is presented that incorporates mobility costs and a no...
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Most empirical labour supply studies rely on the assumption that an individual can freely choose her hours of work, at her (given) market wage rate. This stands in contr~st with responses of individuals in many surveys. For example, in Ham (1982) a table compiled from the Michigan University Panel Study of Income Dynamics (PSID) shows that between the years 1967 and 1974 around 9-14 per cent of...
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In New Keynesian models with sticky wages, the quantity of labor is solely determined by the demand side. Unions with monopsony power set the wage above what it takes to make agents work. If wages are sticky, however, a change of circumstances may make the demand for labor higher than agents’ willingness to work. Because of the simplicity of log-linearization, the literature implicitly assumes ...
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This paper consists of two parts. In the first part we use the PSID (which is now long enough to allow the observation of the entire working life) to document empirical life cycle profiles (wage, earnings, hours) of a cohort of workers followed from when they enter the labor market in 1967 to when they retire in 2006. We find an empirical pattern that is inconsistent with the human capital mode...
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This paper reconsiders whether cabdrivers’ labor supply decisions reflect reference-dependent preferences. Following Botond Kıszegi and Matthew Rabin (2006), we construct a model with targets for hours as well as income, both determined by rational expectations. Estimating using Henry S. Farber’s (2005, 2008) data, we show that the reference-dependent model can reconcile his 2005 finding that d...
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ژورنال
عنوان ژورنال: Journal of Labor Economics
سال: 1988
ISSN: 0734-306X,1537-5307
DOI: 10.1086/298183