Artikel
Aggregation with a double non-convex labor supply decision: indivisible private- and public-sector hours
This paper explores the problem of non-convex labor supply decisions in an economy with both private and public sector jobs. To this end, Hansen (1985) and Rogerson's (1988) indivisible-hours framework is extended to an environment featuring a double discrete labor choice. The novelty of the study is that the micro-founded representation obtained from explicit aggregation over homogeneous individuals features different disutility of labor across the two sectors, which is in line with the observed difference in average wage rates (OECD 2011). This theory-based utility function could be then utilized to study labor supply responses over the business cycle.
- Sprache
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Englisch
- Erschienen in
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Journal: Ekonomia ; ISSN: 0137-3056 ; Volume: 47 ; Year: 2016 ; Pages: 123-133 ; Warsaw: University of Warsaw
- Klassifikation
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Wirtschaft
Time Allocation and Labor Supply
Wages, Compensation, and Labor Costs: General
Public Sector Labor Markets
- Thema
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indivisible labor
public employment
aggregation
elasticity of labor supply
- Ereignis
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Geistige Schöpfung
- (wer)
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Vasilev, Aleksandar
- Ereignis
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Veröffentlichung
- (wer)
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University of Warsaw
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
- (wo)
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Warsaw
- (wann)
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2016
- DOI
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doi:10.17451/eko/47/2016/233
- Handle
- Letzte Aktualisierung
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20.09.2024, 08:23 MESZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Vasilev, Aleksandar
- University of Warsaw
- ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
Entstanden
- 2016
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