ISSN: 0137-3056


Punkty MNiSW:

13



Redaktor naczelny:
prof. dr hab. Tomasz Żylicz
tzylicz@wne.uw.edu.pl

Sekretarz redakcji:
Marta Höffner
ekonomia@wne.uw.edu.pl
(48) 22 55 49 184

Wydawca:



Aggregation with a Double Non-Convex Labor Supply Decision: Indivisible Private- and Public-Sector Hours

A. Vasilev

ABSTRAKT: This paper explores the problem of non-convex labor supply decisions in an economy with both private and public sector jobs. To this end, Hansen (1985) and Rogerson’s (1988) indivisible-hours framework is extended to an environment featuring a double discrete labor choice. The novelty of the study is that the micro-founded representation obtained from explicit aggregation over homogeneous individuals features different disutility of labor across the two sectors, which is in line with the observed difference in average wage rates (OECD 2011). Therefore, this theory-based utility function could be utilized to study labor supply responses over the business cycle.

Pełny tekst (PDF)


Numer wydania: 47

W numerze:

Underestimated or Overestimated: Matching Funtion Elasticities Biased Due to Worker Inflows and Outflows
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Do Entrants Take It All? The Evolution of Task Content of Jobs in Poland
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Applying Exogenous Variables and Regime Switching to Multi-Factor Models on Equity Indices
P. Sakowski, R. Ślepaczuk, M. Wywiał
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Aggregation with a Double Non-Convex Labor Supply Decision: Indivisible Private- and Public-Sector Hours
A. Vasilev
ABSTRAKT | PDF
Revisiting Conventional Wisdom: Does Financialization Have to Leave Sovereigns Subordinated?
A. Ząbkowicz, S. Czech
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