Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/24158
Authors: 
Arntz, Melanie
Boeters, Stefan
Gürtzgen, Nicole
Year of Publication: 
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

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