| Tekijä: | Vendrik, M. C. M. |
| Otsikko: | Unstable bandwagon and habit effects on labor supply |
| Lehti: | Journal of Economic Behavior and Organization
1998 : AUG, VOL. 36:2, p. 235-255 |
| Asiasana: | LABOUR SUPPLY EQUILIBRIUM ANALYSIS MODELS OECD |
| Kieli: | eng |
| Tiivistelmä: | In the paper, a dynamic labor supply model is developed based on unstable bandwagon and habit effects. It possesses multiple long-run equilibria and exhibits hysteresis and transitions between home and market time dependent on the wage rate. These properties are robust. The model provides an explanation of the long-run increase in labor supply by married women in the Netherlands, the USA and other OECD countries. |
SCIMA