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A quasi-linear, additively separable utility function is used to describe preferences between consumption and leisure and analyse occupational choice between one non-criminal and two criminal activities when individuals are heterogeneous in terms of their productivity. Occupational...
Persistent link: https://www.econbiz.de/10009227814
This paper provides an extended supply of labour model which allows for different intensities of legal and illegal (criminal) activities and in which criminal activities may be considered both as work and leisure. Heterogeneity of individuals is also taken into account. The model is estimated...
Persistent link: https://www.econbiz.de/10009205297