| Autor: |
Sum Lo Simon Ming |
| Jazyk: |
angličtina |
| Rok vydání: |
2023 |
| Předmět: |
|
| Zdroj: |
IZA Journal of Labor Economics, Vol 12, Iss 1, Pp 1307-1310 (2023) |
| Druh dokumentu: |
article |
| ISSN: |
2193-8997 |
| DOI: |
10.2478/izajole-2023-0006 |
| Popis: |
Work-leisure balances are beneficial to society. A partial equilibrium job search model is developed to explain desired work-leisure tradeoffs for single-job holders and multiple-job holders. Significant work-leisure mismatches are found: 63% of the observations underwork by an average of 17 hours per week, while 37% overwork by 8.5 hours. The value of leisure is approximately four times the average hourly real wage when a single job is held, and it drops by one-third when multiple jobs are held. Models ignoring possibilities of multiple jobholding overstate the elasticity of leisure and understate the value of leisure. |
| Databáze: |
Directory of Open Access Journals |
| Externí odkaz: |
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