Reference-Dependent Consumption with Endogenous Labor Supply
نویسندگان
چکیده
منابع مشابه
Reference-Dependent Consumption with Endogenous Labor Supply
This paper investigates time-consistent plans by incorporating the reference-dependent consumption model with endogenous labor supply. To what extent these plans can help the consumer overcome the double self-control problems of over-consumption and late-retirement is discussed. The consumption level and labor supply of the preferred personal equilibrium solution are compared with those of ex-a...
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It is assumed in new trade theory and new economic geography that the supply of labor is fixed, which is not true in real labor markets. We develop a model of new trade theory by incorporating an elastic labor supply and analyze the impacts of technological progress on the equilibrium outcomes of working hours and economic welfare. We first show that the labor supply curve is backward bending. ...
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ژورنال
عنوان ژورنال: Theoretical Economics Letters
سال: 2015
ISSN: 2162-2078,2162-2086
DOI: 10.4236/tel.2015.54059