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A theoretical economic model is developed to explain the disparities in flexible work scheduling observed across firms, workplaces, sectors, and time periods. Given heterogeneity in firms’ costs, the supply of flextime is determined by firms’ costs of enacting versus not adopting it. The...
Persistent link: https://www.econbiz.de/10014199024
Several key trends across most advanced economic economies have increased both desired hours of work and the salience of working time on well-being. Models in the economics discipline offer both labor supply and labor demand reasons to explain why many people might be willing to work longer...
Persistent link: https://www.econbiz.de/10012766738
What causes individuals' hours of work to climb, recede, or shift in timing? The main purpose of this article is to broaden the labor supply function to include determinants other than the conventional list of wage rate, nonwage income and preferences. Then it peers further into the black box of...
Persistent link: https://www.econbiz.de/10014050385
A theoretical economic model is developed to explain the disparities in flexible work scheduling observed across firms, workplaces, sectors and time periods. The model incorporates features of the behavioral economics approach to explaining the adoption of workplace innovations. The supply of...
Persistent link: https://www.econbiz.de/10014050398
Contrary to the neoclassical theory of labor supply, it is argued here that the supply of labor is best modelled as a function of target market income and target non-market time which are, in turn, structured by an individual's hierarchy of needs. Thus, increasing wage rates need never result in...
Persistent link: https://www.econbiz.de/10013148696