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Individual and Aggregate Labor Supply With Coordinated Working Times

Rogerson, Richard - 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/10012462022

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/10012479246

A Sticky-Information General-Equilibrium Model for Policy Analysis

Reis, Ricardo - 2009

macroeconomic series (inflation, output, hours, interest rates, and wages), and which can be used to inform applied monetary policy …

Persistent link: https://www.econbiz.de/10012463915

Micro and Macro Elasticities in a Life Cycle Model With Taxes

Rogerson, Richard - 2007

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/10012465638

Does Labor Supply Explain Fluctuations in Average Hours Worked?

Angrist, Joshua D. - 1990

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/10012475723

The Effects of Hours Constraints on Labor Supply Estimates

Kahn, Shulamit - 1988

, theory, casual empiricism and survey data suggest that many workers are not free to vary the hours within a job. Consequently …

Persistent link: https://www.econbiz.de/10012476417

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/10012456460

Wage Contracts with Incomplete and Costly Information

Aizenman, Joshua - 1983

Optimal wage indexation, as derived by Gray, was subject to criticism due to a lack of efficient use of information; failure to clear the market which resulted in non-optimal contracts; and the lack of an explicit use of welfare criteria. The purpose of this paper is to derive a wage contract...

Persistent link: https://www.econbiz.de/10012477951

On the Covariance Structure of Earnings and Hours Changes

Abowd, John M. - 1986

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/10012477244

Tied Wage-Hours Offers and the Endogeneity of Wages

Lundberg, Shelly J. - 1984

implements a pair of tests for the exogeneity of wages in a longitudinal labor supply model, and for the particular failure of … hours Granger -- cause wages at the individual level. The second test involves a simultaneous estimation of labor supply and … from the process generating wages, even when long time series are available on a sample of individuals …

Persistent link: https://www.econbiz.de/10012477658

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