Job satisfaction, time allocation and labour supply
Gaetano Lisi ()
No 2018-04, Working Papers from Universita' di Cassino, Dipartimento di Economia e Giurisprudenza
This paper reinterprets the neoclassical theory of labour supply by introducing job satisfaction into the utility function of the worker. This integration is feasible and also straightforward from a theoretical point of view and, furthermore, it produces interesting results. Precisely, this extended version of the standard model of labour supply can describe situations in which working produces utility beyond consumption, with the result that the disutility of giving up leisure time is lowered or even reversed. As a result, the paper is able to reconcile the standard theory of labour supply with the well-established finding of happiness research, according to which working could yield substantial non-monetary benefits.
JEL-codes: J28 J22 J24 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-hap, nep-hpe and nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
http://dipeg-wpe.unicas.it/files/wp_201804.pdf Full text (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:csn:wpaper:2018-04
Access Statistics for this paper
More papers in Working Papers from Universita' di Cassino, Dipartimento di Economia e Giurisprudenza CREAM Dipartimento di Economia e Giurisprudenza Via S. Angelo Loc. Folcara 03043 Cassino (FR) - Italy. Contact information at EDIRC.
Bibliographic data for series maintained by Gennaro Zezza ().