Artikel
Insurance-markets Equilibrium with Sequential Non-convex Straight-time and Over-time Labor Supply
This note describes the lottery - and insurance-market equilibrium in an economy with non-convex straight-time and overtime employment. In contrast to Hansen and Sargent (1988), the overtime-decision is a sequential one. This requires two separate insurance market to operate, one for straight-time work, and one for overtime. In addition, given that the labor choice for regular and overtime hours is made in succession, the insurance market for overtime needs to open once the insurance market has closed. This segmentation and sequentiality of insurance markets operation is a new result in the literature and a direct consequence of the sequential nature of the overtime labor decision.
- Sprache
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Englisch
- Erschienen in
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Journal: Journal of Mathematical Economics and Finance ; ISSN: 2458-0813 ; Volume: 4 ; Year: 2018 ; Issue: 2 ; Pages: 7-26 ; Craiova: ASERS Publishing House Inc
- Klassifikation
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Wirtschaft
- Thema
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indivisible labor
straight time
overtime
sequential lotteries
insurance
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Vasilev, Aleksandar
- Ereignis
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Veröffentlichung
- (wer)
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ASERS Publishing House Inc
ZBW – Leibniz Information Centre for Economics
- (wo)
-
Craiova
- (wann)
-
2018
- DOI
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doi:10.14505/jmef.v4.2(7).01
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:46 MEZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Vasilev, Aleksandar
- ASERS Publishing House Inc
- ZBW – Leibniz Information Centre for Economics
Entstanden
- 2018
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