from leisure function plays relatively little role in determining the overall change in hours worked, whereas in the second … evidence on the extent of curvature in the utility from leisure function"--National Bureau of Economic Research web site …

implications for how aggregate labor supply responds to changes in taxes. In the first model, curvature in the utility from leisure … extent of curvature in the utility from leisure function …

implications for how aggregate labor supply responds to changes in taxes. In the first model, curvature in the utility from leisure … extent of curvature in the utility from leisure function …

for consumption/savings, labor supply/leisure, and retirement timing are then obtained by solving the model as a salvage …

We revisit the alleged retirement consumption puzzle. According to the life-cycle theory, foreseeable income reductions … such as those around retirement should not affect consumption. However, we first recall that given higher leisure … endowments after retirement, the theory does predict a fall of total market consumption expenditures. In order not to mistake …