Wang, Jianli; Gong, Pu - In: Journal of Economics 109 (2013) 1, pp. 41-55
This paper deals with the labor supply problem in the contemporaneous presence of wage rate and non-labor income … uncertainties. We examine the effect of a stochastic wage rate(a non-labor income uncertainty) on labor supply in the presence of a … non-labor income uncertainty(a stochastic wage rate) and provide some conditions of utility function for assuring larger …