Straight-time and Overtime: A Sequential-Lottery Approach

Aleksandar Vasilev

EconStor Open Access Articles and Book Chapters, 2016, vol. VII, issue 1(13), 1-5

Abstract: 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.

Keywords: Indivisible labor; Straight time; Overtime; Sequential Lotteries (search for similar items in EconPapers)
JEL-codes: E1 J2 J4 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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https://www.econstor.eu/bitstream/10419/145093/1/overtime_lotteries_TPREF.pdf (application/pdf)

Related works:
Journal Article: Straight-Time and Overtime: A Sequential-Lottery Approach (2016)
Working Paper: Straight-time and Overtime: A Sequential-Lottery Approach (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:espost:145093

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