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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
strong evidence of rent-sharing, with a "Lester range" of variation in wages between profitable and unprofitable firms of …
Persistent link: https://www.econbiz.de/10013140998
This paper emphasizes the role of wage growth in shaping work incentives. It provides an analytical framework for labor supply in the presence of a return to labor market experience and aggregate productivity growth. A key finding of the theory is that there is an interaction between these two...
Persistent link: https://www.econbiz.de/10013152379
-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
second moments of the joint distribution over individual wages, consumption and hours …
Persistent link: https://www.econbiz.de/10012773175
women's real wages. The experience of the 1970's suggests, however, that real wage growth cannot account for the increase In … participation decisions is the level of uncertainty associated with expectations of future wages, and that high levels of …
Persistent link: https://www.econbiz.de/10012777144
, spouses' wages, hours of work, and time spent with children to estimate the sensitivity of consumption and time allocation to …
Persistent link: https://www.econbiz.de/10012943615
find work, and prefer to do so even at wages below the prevailing wage rather than remain unemployed. However, they rarely …
Persistent link: https://www.econbiz.de/10012869538
application, the joint determination of wages and labor supply. Finally we discuss the benefits and challenges of using partially …
Persistent link: https://www.econbiz.de/10013013514
constrained (the lean season) reduces aggregate labor supply, drives up wages and leads to a reallocation of labor from less to …
Persistent link: https://www.econbiz.de/10012920359