Unstable bandwagon and habit effects on labor supply

This paper develops a dynamic labor supply model 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...

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Bibliographic details
Volume: 36
Main Author: Vendrik, Maarten C.M
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: AMSTERDAM Elsevier B.V 1998
ELSEVIER SCIENCE BV
Elsevier
North-Holland Pub. Co
published in: Journal of economic behavior & organization Vol. 36; no. 2; pp. 235 - 255
Data of publication: 1998
ISSN: 0167-2681
1879-1751
EISSN: 1879-1751
Discipline: Business
Economics
Series: Journal of Economic Behavior & Organization
Subjects:
210
810
920
020
Online Access: Fulltext
Database: Web of Science - Social Sciences Citation Index - 1998
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