Alternative approaches to discrete working time choice in an AGE framework
In: ZEW Discussion Paper 05-62
In: Discussion paper 05-62
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.
In: ZEW Discussion Paper 05-62
In: Discussion paper 05-62
In: Discussion paper 05,62
In: Labour economics, human resources and social policy
Englisch
ZEW Zentrum für Europäische Wirtschaftsforschung
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