Since the seminal work of MINCER [1962] and BECKER [1965], the interest for the study of individual and household time allocation has been on the rise. In this introduction, we provide a brief, impressionistic survey of this large and rapidly growing literature and then discuss the organization...

We consider a model with frictional unemployment and staggered wage bargaining where hours worked are negotiated every period. The workers' bargaining power in the hours negotiation affects both unemployment volatility and inflation persistence. The closer to zero this parameter, (i) the more...