Alternative Approaches to Discrete Working Time Choice in an Age Framework

We compare two options of integrating discrete working time choice of heterogenous households into a general equilibrium model. The first, known from the literature, produces household heterogeneity through a working time preference parameter. We contrast this with a model that directly incorporates a logit discrete-choice approach into a AGE framework. On the grounds of both calibration consistency and adequate accomodation of within-household interaction, we argue that the logit approach is preferable

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Year of publication:	2008
Authors:	Arntz, Melanie ; Boeters, Stefan ; Gürtzgen, Nicole
Publisher:	[S.l.] : SSRN
Subject:	Arbeitszeit \| Working time \| Arbeitsangebot \| Labour supply \| Deutschland \| Germany \| Haushaltsökonomik \| Household economics \| Schätzung \| Estimation \| Arbeitsmarktflexibilität \| Labour market flexibility \| Allgemeines Gleichgewicht \| General equilibrium \| Logit-Modell \| Logit model \| Wirkungsanalyse \| Impact assessment \| Verhandlungstheorie des Lohnes \| Collective bargaining theory \| Reform

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