Working Time and Employment under Uncertainty

Yu-Fu Chen and Michael Funke

Quantitative Macroeconomics Working Papers from Hamburg University, Department of Economics

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 examine 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.

Date: 2004-09
New Economics Papers: this item is included in nep-bec
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Citations: View citations in EconPapers (12)

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Related works:
Journal Article: Working Time and Employment Under Uncertainty (2004)
Working Paper: Working Time and Employment under Uncertainty (2002)
Working Paper: Working Time and Employment under Uncertainty (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:ham:qmwops:20409

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