Working Time and Employment under Uncertainty

Yu-Fu Chen and Michael Funke

No 732, CESifo Working Paper Series from CESifo

Abstract: The standard literature on working time has modelled the decisions of firms in a deterministic framework in which firms can choose between employment and overtime (given mandated standard hours). Contrary to this approach, we consider the impact of uncertainty and real options on the decision of working time, i.e. we examines the determinants of employment and hours in a stochastic framework. We conclude the theoretical analysis with a number of simulation exercises to illustrate the working of the model.

Keywords: real options; uncertainty; working time; employment; labor demand (search for similar items in EconPapers)
Date: 2002
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
https://www.cesifo.org/DocDL/732.pdf (application/pdf)

Related works:
Journal Article: Working Time and Employment Under Uncertainty (2004)
Working Paper: Working Time and Employment under Uncertainty (2004)
Working Paper: Working Time and Employment under Uncertainty (2002)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_732

Access Statistics for this paper

More papers in CESifo Working Paper Series from CESifo Contact information at EDIRC.
Bibliographic data for series maintained by Klaus Wohlrabe ().