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http://hdl.handle.net/10419/24158
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| Title: | | Alternative Approaches to Discrete Working Time Choice in an AGE Framework  |
| 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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