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A model of comprehensive habits with psychological effects of work effort

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A Model of Comprehensive Habits with Psychological Effects of Work Effort

Gurdgiev, Constantin - 2008

This paper develops a neoclassical growth model under the assumption of comprehensive habits that incorporate both consumption and labour supply decisions of the households. We show that in presence of comprehensive habits, households will supply more labour than in case of no habits. In...

Persistent link: https://www.econbiz.de/10014219669