Hansen, Jørgen Drud; Molana, Hassan; Montagna, Catia; … - Nationalökonomisk Institut, Institut for Økonomi - 2010
We examine how openness interacts with the coordination of consumption-leisure decisions in determining the equilibrium working hours and wage rate when there are leisure externalities (e.g., due to social interactions). The latter are modelled by allowing a workers marginal utility of leisure...