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The demand for leisure time in the presence of constrained work hours.

This article presents a labor supply model designed to address situations of overemployment or underemployment in the labor market. Previous labor supply models have taken the possibility of work hour constraints into consideration but typically assumed that the existence of fixed work hours only in...

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Published in:Economic Inquiry Vol. 38; no. 4; pp. 651 - 662
Main Authors: Feather, Peter M., Shaw, W. Douglass
Format: Article
Published: Wiley-Blackwell October 2000
Subjects:
Labor supply
Mathematical models
Welfare economics
Opportunity costs
Leisure
Maximum likelihood statistics
Online Access:View this record in EBSCOhost
Summary:This article presents a labor supply model designed to address situations of overemployment or underemployment in the labor market. Previous labor supply models have taken the possibility of work hour constraints into consideration but typically assumed that the existence of fixed work hours only influenced the decision of labor force participation. This ignores situations in which individuals choose to be employed at fixed-hour jobs even though these jobs do not offer the desired work hours. (JEL J22) Reprinted by permission of the publisher.