Labor supply under wage uncertainty

被引：12

作者：

Hartwick, JM ^{[1
]}

机构：

[1] Queens Univ, Dept Econ, Kingston, ON K7L 3N6, Canada

来源：

ECONOMICS LETTERS | 2000年 / 68卷 / 03期

关键词：

labor supply; wage uncertainty;

D O I：

10.1016/S0165-1765(00)00259-7

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We consider an agent in an atemporal setting facing an increase in the uncertainty of her uncertain wage. More labor is supplied, given small initial wage uncertainty, by a person with a CES utility function with an elasticity greater than unity. We relate this result to an extended measure of decreasing relative risk aversion. A Cobb-Douglas person makes no change in her labor supply in response to increased wage uncertainty. (C) 2000 Elsevier Science S.A. All rights reserved. JEL classification J22; D81.

引用

页码：319 / 325

页数：7