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Individual and Aggregate Labor Supply with Coordinated Working Times

Rogerson, Richard Donald - 2010

I analyze two extensions to the standard model of life cycle labor supply that feature operative choices along both the intensive and extensive margin. The first assumes that individuals face different continuous wage-hours schedules. The second assumes that all work must be coordinated across...

Persistent link: https://www.econbiz.de/10013134860

The Wage and the Length of the Work Day : From the 1890s to 1991

Costa, Dora L. - 2021

I investigate how the relationship between the wage and the length of the work day has changed since the 1890s among prime-aged men and women. I find that across wage deciles deciles, and within industry and occupation groups the most highly paid worked fewer hours than the lowest paid in the...

Persistent link: https://www.econbiz.de/10013233855

Hours and Wages

Bick, Alexander - 2020

-sectional distribution of usual weekly hours and hourly wages. First, usual weekly hours are heavily concentrated around 40 hours, while at … wages are non-monotonic across the usual hours distribution, with a peak for those working 50 hours. The novel feature of …

Persistent link: https://www.econbiz.de/10012842474

Does Labor Supply Explain Fluctuations in Average Hours Worked?

Angrist, Joshua D. - 2021

Economists have long debated over what labor supply has to do with fluctuations in hours worked. This paper uses a time series of cross-sections from the 1964-88 Current Population Surveys to study whether microeconomic intertemporal substitution models can explain time series fluctuations in...

Persistent link: https://www.econbiz.de/10013218824

Wages and the Allocation of Hours and Effort

Bils, Mark; Chang, Yongsung - 2021

We examine the impact of wage stickiness when employment has an effort as well as hours dimension. Despite wages being … sticky wages, but no effort margin. Allowing for responses in effort dramatically improves the ability of a sticky-wage model …

Persistent link: https://www.econbiz.de/10013222616

Labor Supply in the Past, Present, and Future : A Balanced-Growth Perspective

Boppart, Timo - 2016

displaying balanced growth. The key feature of the utility function is an income effect (of higher wages) that slightly outweighs …

Persistent link: https://www.econbiz.de/10012992666

Labor Supply Preferences, Hours Constraints, and Hours-Wage Tradeoffs

Altonji, Joseph G. - 2007

In a labor market in which firms offer tied hours-wage packages and there is substantial dispersion in the wage offers associated with a particular type of job, the best job available to a worker at a point in time may pay well but require an hours level which is far from the worker's labor...

Persistent link: https://www.econbiz.de/10012777385

Micro and Macro Elasticities in a Life Cycle Model with Taxes

Rogerson, Richard Donald - 2010

We build a life cycle model of labor supply that incorporates changes along both the intensive and extensive margin and use it to assess the consequences of changes in tax and transfer policies on equilibrium hours of work. We find that changes in taxes have large aggregate effects on hours of...

Persistent link: https://www.econbiz.de/10012760196

An Intergenerational Model of Wages, Hours and Earnings

Altonji, Joseph G.; Dunn, Thomas A. - 2021

In this paper we develop and estimate a factor model of the earnings, labor supply, and wages of young men and young … primarily due to preferences rather than to labor supply responses to family similarities in wages. The wage factors of the … father and mother influence the wages of both sons and daughters. A `sibling' wage factor also plays an important role in …

Persistent link: https://www.econbiz.de/10013219982

On the Covariance Structure of Earnings and Hours Changes

Abowd, John M.; Card, David E. - 2021

This paper presents an empirical analysis of changes in individual earnings and hours over time. Using longitudinal data from three panel surveys,we catalogue the main features of the covariance structure of changes in earnings and hours. We then present an interpretation of these features in...

Persistent link: https://www.econbiz.de/10013220819