Individual and aggregate labor supply with coordinated working times
By: Richard Rogerson
Contributors: National Bureau of Economic Research
Series: NBER working paper series -- working paper 16636; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 16636.
Publisher: National Bureau of Economic Research
Published: 2010
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "I analyze two extensions to the standard model of life cycle labor supply that feature operative choices along both the intensive and extensive margin.  The first assumes that individuals face different continuous wage-hours schedules.  The second assumes that all work must be coordinated across individuals.  These models look similar qualitatively but have very different implications for how aggregate labor supply responds to changes in taxes.  In the first model, curvature in the utility from leisure function plays relatively little role in determining the overall change in hours worked, whereas in the second model it is of first order importance.  The second model has important implications for what data is best able to provide evidence on the extent of curvature in the utility from leisure function"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 4/7/2011.

Includes bibliographical references.

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