Beware of Workaholics: Household Preferences and Individual Equilibrium Utility

Hans Gersbach and Hans Haller ()
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Hans Haller: Virginia Tech

No 1502, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: This paper analyzes the effects of sociological changes in the form of a shift of influence within two-member households participating in labor and product markets. The most striking effects occur when household members differ in individual preferences and enjoy positive leisure-dependent externalities. For instance, a global sociological change where the “workaholic" member becomes more influential in each working class household can render the working class worse off. A binding restriction on the number of hours an individual is allowed to work can benefit all workers.

Keywords: externalities; general equilibrium; household behavior; labor supply (search for similar items in EconPapers)
JEL-codes: D10 D50 J22 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2005-02
New Economics Papers: this item is included in nep-bec and nep-mic
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published - updated version published as ' "Hard Workers" and Labor Restrictions' in: Journal of Population Economics, 2012, 25 (2), 469 - 494

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