Unstable bandwagon and habit effects on labor supply

被引：9
|
作者：
Vendrik, MCM [1 ]
机构：
[1] Maastricht Univ, Dept Econ, NL-6200 MD Maastricht, Netherlands
来源：
JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION | 1998年 / 36卷 / 02期
关键词：
bandwagon effects; habit formation; labor supply; non-linear dynamics;
D O I：
10.1016/S0167-2681(98)00064-X
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper develops a dynamic labor supply model based on unstable bandwagon and habit effects. It possesses multiple long-run equilibria and exhibits hysteresis and transitions between home and market time dependent on the wage rate. These properties are robust. The model provides an explanation of the long-run increase in labor supply by married women in the Netherlands, the USA and other OECD countries. (C) 1998 Elsevier Science B.V. All rights reserved.
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页码：235 / 255
页数：21
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