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The economics of dual job holding : a job portfolio model of labor supply
Renna, Francesco (contributor);  … - 2006
In this paper we develop a job portfolio model of dual job holding based on a Stone-Geary utility function. We derive the associated Slutsky equation components. Because the job portfolio model applies only to unconstrained dual jobholders, we separate individuals who moonlight because of an...
Persistent link: https://www.econbiz.de/10003253454
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Asymmetric Labor-Supply Responses to Wage-Rate Changes : Evidence from a Field Experiment
Dörrenberg, Philipp - 2016
The standard labor-supply literature typically assumes that the labor supply response to wage increases is the same as that for equivalent wage decreases. However, evidence from the behavioral-economics literature suggests that people are loss averse and thus perceive losses differently than...
Persistent link: https://www.econbiz.de/10013000061
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The Economics of Dual Job Holding : A Job Portfolio Model of Labor Supply
Renna, Francesco - 2006
In this paper we develop a job portfolio model of dual job holding based on a Stone-Geary utility function. We derive the associated Slutsky equation components. Because the job portfolio model applies only to unconstrained dual jobholders, we separate individuals who moonlight because of an...
Persistent link: https://www.econbiz.de/10012783284
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Relative Pay, Productivity, and Labor Supply
Bracha, Anat - 2017
Relative pay — earnings compared with the earnings of others doing a similar job, or compared with one's earnings in the past — affects how much individuals would like to work (labor supply) and their effort on the job; it therefore has implications for both employers and policy makers. A...
Persistent link: https://www.econbiz.de/10012953612
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Asymmetric Labor-Supply Responses to Wage-Rate Changes - Evidence from a Field Experiment
Dörrenberg, Philipp - 2017
The standard labor-supply literature typically assumes that the labor supply response to wage increases is the same as that for equivalent wage decreases. However, evidence from the behavioral-economics literature suggests that people are loss averse and thus perceive losses differently than...
Persistent link: https://www.econbiz.de/10012969586
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Structural Labor Supply Models and Wage Exogeneity
Loeffler, Max - 2014
elasticities derived from microeconometric models can also be explained by modeling assumptions with respect to wages. Specifically … very sensitive to the treatment of wages. In particular, the often-made but highly restrictive independence assumption … between preferences and wages is key. To overcome this restriction, we propose a flexible estimation strategy that nests …
Persistent link: https://www.econbiz.de/10013051121
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Structural Labor Supply Models and Wage Exogeneity
Loeffler, Max - 2014
elasticities derived from microeconometric models can also be explained by modeling assumptions with respect to wages. Specifically … very sensitive to the treatment of wages. In particular, the often-made but highly restrictive independence assumption … between preferences and wages is key. To overcome this restriction, we propose a flexible estimation strategy that nests …
Persistent link: https://www.econbiz.de/10013051442
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Hours risk, wage risk, and life-cycle labor supply
Jessen, Robin; König, Johannes - 2018
Income Dynamics (PSID) für die USA zeigen, dass sowohl Lohn- als auch Stundenshocks eine wichtige Rolle für die Erklärung der …
Persistent link: https://www.econbiz.de/10011911518
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Hours risk and wage risk : repercussions over the life-cycle
Jessen, Robin; König, Johannes - 2020
We decompose permanent earnings risk into contributions from hours and wage shocks. To distinguish between hours shocks, modeled as innovations to the marginal disutility of work, and labor supply reactions to wage shocks we formulate a life-cycle model of consumption and labor supply. Both...
Persistent link: https://www.econbiz.de/10012145317
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Hours risk and wage risk : repercussions over the life-cycle
Jessen, Robin; König, Johannes - 2020
We decompose permanent earnings risk into contributions from hours and wage shocks. To distinguish between hours shocks, modeled as innovations to the marginal disutility of work, and labor supply reactions to wage shocks we formulate a life-cycle model of consumption and labor supply. Both...
Persistent link: https://www.econbiz.de/10012160640