Alternative approaches to discrete working time choice in an AGE framework

被引:4
作者
Arntz, Melanie [1 ]
Boeters, Stefan [1 ]
Guertzgen, Nicole [1 ]
机构
[1] Ctr European Econ Res, Mannheim, Germany
关键词
applied general equilibrium; discrete working time choice; labour market; wage bargaining; labour market reform; logit model;
D O I
10.1016/j.econmod.2006.04.010
中图分类号
F [经济];
学科分类号
02 ;
摘要
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 an AGE framework. On the grounds of both calibration consistency and adequate accommodation of within-household interaction, we argue that the logit approach is preferable. (c) 2006 Elsevier B.V. All rights reserved.
引用
收藏
页码:1008 / 1032
页数:25
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