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Title:Beware of Workaholics : Household Preferences and Individual Equilibrium Utility PDF Logo
Authors:Gersbach, Hans
Haller, Hans
Issue Date:2005
Series/Report no.:IZA Discussion paper series 1502
Abstract:This paper analyzes the effects of sociological changes in the form of a shift of influence within two-member households participating in labor and product markets. The most striking effects occur when household members differ in individual preferences and enjoy positive leisure-dependent externalities. For instance, a global sociological change where the ?workaholic" member becomes more influential in each working class household can render the working class worse off. A binding restriction on the number of hours an individual is allowed to work can benefit all workers.
Subjects:household behavior
general equilibrium
externalities
labor supply
JEL:D50
J22
D10
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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