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Altruism with Endogenous Labor Supply
, 2000
"... This paper proposes a model of altruism with endogenous labor supply. A full characterization of the family’s choices of consumption and leisure is provided. Initially, work effort is assumed to be publicly observed; this assumption is later relaxed, allowing for privately observed actions. It is sh ..."
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Cited by 3 (1 self)
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This paper proposes a model of altruism with endogenous labor supply. A full characterization of the family’s choices of consumption and leisure is provided. Initially, work effort is assumed to be publicly observed; this assumption is later relaxed, allowing for privately observed actions
Endogenous Labor Supply and International Trade
, 2014
"... It is assumed in new trade theory and new economic geography that the supply of labor is
xed, which is not true in real labor markets. We develop a model of new trade theory by incorporating an elastic labor supply and analyze the impacts of technological progress on the equilibrium outcomes of wor ..."
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It is assumed in new trade theory and new economic geography that the supply of labor is
xed, which is not true in real labor markets. We develop a model of new trade theory by incorporating an elastic labor supply and analyze the impacts of technological progress on the equilibrium outcomes
On the Ramsey Equilibrium with Heterogeneous Consumers and Endogenous Labor Supply
- JOURNAL OF MATHEMATICAL ECONOMICS
, 2007
"... In this paper we address the question of deterministic cycles in a Ramsey model with heterogeneous infinite-lived agents and borrowing constraints, augmented to take into account the case of elastic labor supply. Under usual restrictions, not only we show that the steady state is unique, but also we ..."
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Cited by 10 (9 self)
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we clarify its stability properties through a local analysis. We find that, in many cases, the introduction of elastic labor supply promotes convergence by widening the range of parameters for saddle-path stability, and endogenous cycles can eventually disappear. These results are robustly
Endogenous Labor Supply and the Gains from International Trade∗
, 2014
"... This paper incorporates elastic labor supply into a standard gravity model of trade and characterizes the implications for welfare. We show that gains can be computed using only a few sufficient statistics: the share of expenditure on domestic goods, the trade elasticity, and the elasticity of labor ..."
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Cited by 1 (0 self)
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supply and are increasing in the elasticity of labor. In addition, when the number of varieties is endogenous and income effects are small, the increase in labor supply can raise the number of varieties and thus can lead to sizeable gains. Quantitatively, we find that, for the median country in our
Competitive Screening in Insurance Markets with Endogenous Labor Supply
, 2006
"... individuals take unobservable labor supply decisions. Precautionary labor motives introduce countervailing incentives in the insurance market, and imperfect type separation can occur in the standard case in which individuals differ only model to allow for both unobservable risks and labor productivi ..."
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individuals take unobservable labor supply decisions. Precautionary labor motives introduce countervailing incentives in the insurance market, and imperfect type separation can occur in the standard case in which individuals differ only model to allow for both unobservable risks and labor
Voting, Wealth Heterogeneity, and Endogenous Labor Supply∗
, 2007
"... Lutz Hendricks, and Patrick Pintus for excellent comments. I also thank two anonymous referees, and the Editor, Alfons J. Weichenrieder, for helpful suggestions. An earlier working paper version was entitled ‘Transitional Dynamics in a Growth Model with Distributive Politics’. The usual disclaimer a ..."
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applies. We examine the link between voting outcomes, wealth heterogeneity, and endogenous labor leisure choice in the majority voting – endogenous growth frameworks of Alesina and Rodrik (1994) and Das and Ghate (2004). We augment these frameworks to incorporate leisure dependent utility and allow
On the Ramsey Equilibrium with Heterogeneous Consumers and Endogenous Labor Supply∗
, 2007
"... ha ls hs ..."
1Title: Unfunded pensions and endogenous labor supply1
"... 3Abstract: A classic result in dynamic public economics states that there is no welfare rationale for pay-as-you-go (PAYG) pensions in a dynamically-e ¢ cient, overlapping-generations economy with exogenous labor supply. Parenthetically, a welfare justi
cation for PAYG pensions exists if the economy ..."
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if the economy is dynamically inef-cient. Under the su ¢ cient condition that the old be no less risk averse than the young, both these results extend to an economy with endogenous labor supply.
The Quest for Status and Endogenous Labor Supply: the Relative Wealth Framework
, 2007
"... We analyze the implications of relative wealth preferences in a Ramsey model with endogenous labor supply. In contrast to relative consumption preferences, they allow for the possibility that agents work too little in the long run, while under both speci cations the steady-state levels of consumptio ..."
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We analyze the implications of relative wealth preferences in a Ramsey model with endogenous labor supply. In contrast to relative consumption preferences, they allow for the possibility that agents work too little in the long run, while under both speci cations the steady-state levels
Results 1 - 10
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6,096
