Straight-time and overtime : a sequential-lottery approach

Aleksandar Vasilev

This note explores the problem of aggregation with non-convex labor supply decisions in an economy with both straight time and overtime. In contrast to Hansen and Sargent (1988), the paper models this as a sequential decision. Instead of changing from one to infinity, with a sequential non-convexity, the aggregate elasticity of labor supply for overtime work is a function of overall participation rate, and the aggregate elasticity of labor supply for full-time work depends on the share of workers doing overtime.

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Year of publication:	June 7, 2016
Authors:	Vasilev, Aleksandar
Publisher:	[Craiova] : [Association for Sustainable Education, Research and Science (ASERS)]
Subject:	Indivisible labor \| Straight time \| Overtime \| Sequential Lotteries \| Überbeschäftigung \| Overemployment \| Glücksspiel \| Gambling \| Theorie \| Theory \| Unteilbare Güter \| Indivisible goods

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Extent:	1 Online-Ressource (circa 9 Seiten)
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Sonderausgabe aus: [Theoretical and practical research in economic fields ; 7,1]
Other identifiers:	hdl:10419/145093 [Handle]
Classification:	E1 - General Aggregative Models ; J2 - Time Allocation; Work Behavior; Employment Determination and Creation ; J4 - Particular Labor Markets
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011523333