G. Eisenhauer, Joseph - In: Studies in Economics and Finance 31 (2014) 2, pp. 186-201
additively separable utility over income and leisure. The sub-utility function for income is of the Friedman-Savage type … limitations/implications – Friedman-Savage utility can explain virtually any observed labor supply functions, including convex … supply and Friedman-Savage utility – which have, rather remarkably, been separate to date. In doing so, it provides a new …