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Bibframe Work

Title
Lifetime aggregate labor supply with endogenous workweek length
Type
Text
Monograph
Language
English
Classification
LCC: HB1
Could not render: bf:status
Supplementary Content
bibliography
Content
text
Summary
"This paper studies lifetime aggregate labor supply with endogenous workweek length. Such a theory is needed to evaluate various government policies. A key feature of our model is a nonlinear mapping from hours worked to labor services. This gives rise to an endogenous workweek that can differ across occupations. he theory determines what fraction of the lifetime an individual works, not when. We find that constraints on workweek length have different consequences for total hours than total labor services. Also, we find that policies designed to increase the length of the working life may not increase aggregate lifetime labor supply"--Federal Reserve Bank of Minneapolis web site.
Authorized Access Point
Prescott, Edward C. Lifetime aggregate labor supply with endogenous workweek length