EconPapers    
Economics at your fingertips  
 

Slutsky equation and negative elasticity of labor supply: behavioral bias or optimal consumption-leisure choice?

Sergey Malakhov

MPRA Paper from University Library of Munich, Germany

Abstract: One of the applications of the prospect theory is the behavioral phenomenon of the negative elasticity of the individual labor supply. This working paper argues that the negative elasticity of labor supply can be understood better with the help of the interpretation of the Slutsky equation with regard to the common consumption-leisure choice.

Keywords: Slutsky equation; prospect theory; labor supply; consumption-leisure choice (search for similar items in EconPapers)
JEL-codes: D11 (search for similar items in EconPapers)
Date: 2014-02-21
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/53871/1/MPRA_paper_53871.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/55751/1/MPRA_paper_55751.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/57700/1/MPRA_paper_57700.pdf revised version (application/pdf)

Related works:
Journal Article: Slutsky Equation and Negative Elasticity of Labor Supply: Behavioral Bias or Optimal Consumption-Leisure Choice? (2014) Downloads
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:pra:mprapa:53871

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().

 
Page updated 2022-10-12
Handle: RePEc:pra:mprapa:53871