Consumption-Leisure Choice with Habit Formation

Aylin Seckin

CIRANO Working Papers from CIRANO

Abstract: In an intertemporal consumption-leisure choice model with wage uncertainty, and habit-forming consumption, we have shown that, consumption and leisure do move in opposite directions, consistent with the observed pro-cyclicy of aggregate hours worked. Dans un modèle intertemporel de consommation et de loisir avec incertitude salariale et formation d'habitudes, nous avons démontré que la consommation et le loisir se déplacent vers des directions opposées, ce qui est consistant avec la procyclicité observée des heures travaillées.

Keywords: Habit formation; consumption-leisure choice; Formation d'habitudes; choix de consommation/loisir (search for similar items in EconPapers)
JEL-codes: D91 E21 E24 (search for similar items in EconPapers)
Date: 2000-10-01
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:cir:cirwor:2000s-40

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