In the past years, work time in many industries has become increasingly flexible opening up a new channel for intertemporal substitution. To study this, we set up a two-period model with wage uncertainty. This extends the standard savings model by allowing a worker to allocate a fixed time...

In the past years, work time in many industries has become increasingly flexible opening up a new channel for intertemporal substitution. To study this, we set up a two-period model with wage uncertainty. This extends the standard saving model by allowing a worker to allocate a fixed time budget...

This work investigates the first European flexicurity pathway, which advocates relying on contractual arrangements that gradually entail better working conditions in order to address labour market segmentations. In the experiment, labour market environments only differ according to the level of...