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Deriving the labour supply curve from happiness data

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  • Dockery, Alfred M.

Abstract

An alternative empirical method to estimating the labour supply function is proposed, based upon subjective wellbeing data. It potentially addresses limitations of the standard neo-classical approach by allowing workers’ observed hours worked to deviate from their utility maximising point.

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Bibliographic Info

Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 117 (2012)
Issue (Month): 3 ()
Pages: 898-900

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Handle: RePEc:eee:ecolet:v:117:y:2012:i:3:p:898-900

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Web page: http://www.elsevier.com/locate/ecolet

Related research

Keywords: Subjective wellbeing; Labour supply; Working hours;

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References

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  1. Bruno S. Frey & Alois Stutzer, 2002. "What Can Economists Learn from Happiness Research?," Journal of Economic Literature, American Economic Association, vol. 40(2), pages 402-435, June.
  2. Ada Ferrer-i-Carbonell & Paul Frijters, 2002. "How important is Methodology for the Estimates of the Determinants of Happiness?," Tinbergen Institute Discussion Papers 02-024/3, Tinbergen Institute.
  3. Bruno S. Frey, 2008. "Happiness: A Revolution in Economics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262062771, December.
  4. Blundell, Richard & Macurdy, Thomas, 1999. "Labor supply: A review of alternative approaches," Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 3, chapter 27, pages 1559-1695 Elsevier.
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Cited by:
  1. Alfred Michael Dockery & Sherry Bawa, 2014. "Is working from home good or bad work? Evidence from Australian employees," Bankwest Curtin Economics Centre Working Paper series WP1402, Bankwest Curtin Economics Centre (BCEC), Curtin Business School.

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