Straight-time and Overtime: A Sequential-Lottery Approach

Artikel

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Theoretical and Practical Research in Economic Fields ; ISSN: 2068-7710 ; Volume: VII ; Year: 2016 ; Issue: 1(13) ; Pages: 1-5 ; Craiova: Association for Sustainable Education, Research and Science (ASERS)

Classification and Topics

• Classification: Wirtschaft
• Subject: Indivisible labor ; Straight time ; Overtime ; Sequential Lotteries

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Vasilev, Aleksandar
• Event: Veröffentlichung
• (who): Association for Sustainable Education, Research and Science (ASERS) ; ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
• (where): Craiova
• (when): 2016

Further information

• Handle: http://hdl.handle.net/10419/145093
• Last update: 10.03.2025, 11:42 AM CET