Beware of Workaholics : Household Preferences and Individual Equilibrium Utility

Arbeitspapier

This paper analyzes the effects of sociological changes in the form of a shift of influence within two-member households participating in labor and product markets. The most striking effects occur when household members differ in individual preferences and enjoy positive leisure-dependent externalities. For instance, a global sociological change where the ?workaholic" member becomes more influential in each working class household can render the working class worse off. A binding restriction on the number of hours an individual is allowed to work can benefit all workers.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IZA Discussion Papers ; No. 1502

Classification and Topics

• Classification: Wirtschaft ; General Equilibrium and Disequilibrium: General ; Time Allocation and Labor Supply ; Household Behavior: General
• Subject: household behavior ; general equilibrium ; externalities ; labor supply ; Haushaltsökonomik ; Arbeitsangebot ; Externer Effekt ; Soziale Folgen ; Wohlfahrtseffekt ; Theorie

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Gersbach, Hans ; Haller, Hans
• Event: Veröffentlichung
• (who): Institute for the Study of Labor (IZA)
• (where): Bonn
• (when): 2005

Further information

• Handle: http://hdl.handle.net/10419/20801
• Last update: 10.03.2025, 11:44 AM CET