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Many economic models featuring labor supply decision, especially in macroeconomic analysis, assume away heterogeneity in the nature of work, or assume that the nature of work is irrelevant to the labor/leisure choice. This paper studies the macroeconomic implications of relaxing this assumption....
Persistent link: https://www.econbiz.de/10012730799
Americans work more than Europeans. Using micro data from the U.S. and 17 European countries, we study the contributions from demographic subgroups to these aggregate level differences. We document that women are typically the largest contributors to the discrepancy in work hours. We also...
Persistent link: https://www.econbiz.de/10009541781
For a century, two labor market empirical regularities characterized the movements of the hours of work, employment …
Persistent link: https://www.econbiz.de/10012486121
We document empirical life cycle profiles of wages, earnings, and hours of work for pay from the Panel Study of Income Dynamics, following the same workers for up to four decades. For six of the eight cohorts we analyze the wage profile does not decline with age (not before 65, at least), while...
Persistent link: https://www.econbiz.de/10011730125
overcome this challenge. The results imply that labor market frictions are important in jointly accounting for observed cross …
Persistent link: https://www.econbiz.de/10011756849
Across countries, women and men allocate time differently between market work, domestic services, and care work. In … disutilities. Taking the model to country-level observations, we find that a wedge related to the disutility of market work for …. Variation in the division of non-market work is principally shaped by a wedge indicating greater disutility for men, which is …
Persistent link: https://www.econbiz.de/10014507757
We document two robust features of the cross-sectional distribution of usual weekly hours and hourly wages. First, usual weekly hours are heavily concentrated around 40 hours, while at the same time a substantial share of total hours come from individuals who work more than 50 hours. Second,...
Persistent link: https://www.econbiz.de/10013296462
The proportion of employees who work remotely has surged from under 5% to over 60% between January to March 2020, converging to roughly 28% of days working from home versus in the office as of 2023. This paper studies the allocation of time among workers in varying degrees of remote work jobs....
Persistent link: https://www.econbiz.de/10014345973
We investigate whether working time is related to the intensity of income comparisons and relative income. Our simple theoretical model demonstrates that the effects of relative income concerns depend on whether an individual can choose contractual working hours and/or overtime. In the empirical...
Persistent link: https://www.econbiz.de/10010337852
underemployment on transitions from employment and self-employment into other labour market states. It confirms that overemployment is …
Persistent link: https://www.econbiz.de/10009786943