Diskussionspapiere extern
Melanie Arntz, Stefan Boeters, Nicole Gürtzgen
Mannheim:
Centre for European Economic Research,
2005,
(ZEW Discussion Paper No. 05-62)
We compare two options of integrating discrete working time choice of heterogenous households into a general equilibrium model. The first, known from the literature, produces household heterogeneity through a working time preference parameter. We contrast this with a model that directly incorporates a logit discrete-choice approach into a AGE framework. On the grounds of both calibration consistency and adequate accomodation of within-household interaction, we argue that the logit approach is preferable.
Themen: Arbeit und Beschäftigung
Keywords: applied general equilibrium, discrete working time choice, labour market, wage bargaining, labour market reform, logit model
Externer Link:
ftp://ftp.zew.de/pub/zew-docs/dp/dp0562.pdf