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Title:Alternative Approaches to Discrete Working Time Choice in an AGE Framework PDF Logo
Authors:Arntz, Melanie
Boeters, Stefan
Gürtzgen, Nicole
Issue Date:2005
Series/Report no.:ZEW Discussion Papers 05-62
Abstract: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.
Subjects:applied general equilibrium
discrete working time choice
labour market
wage bargaining
labour market reform
logit model
JEL:J51
J22
D58
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des ZEW
ZEW Discussion Papers

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