Addiction to work: An Inelastic Wage Elasticity of Labour Supply Equals Long Hours of Work
AbstractA phenomenon of the last twenty years is the growth of ‘very long hours’ of work, especially amongst high-skilled labour. This is an unexpected reversal of a long trend in the opposite direction. This paper criticises the Beckerian analysis of labour-leisure choice. It argues that the more time is consumed in paid work, the more are preferences for paid work affected by it; thereby creating a vicious cycle of consumption patterns which lead to longer than expected hours of work.
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Bibliographic InfoArticle provided by Bankwest Curtin Economics Centre (BCEC), Curtin Business School in its journal Australian Journal of Labour Economics (AJLE).
Volume (Year): 11 (2008)
Issue (Month): 2 (June)
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Postal: GPO Box U1987, Perth WA 6845
Web page: http://business.curtin.edu.au/research/publications/journals/ajle/
More information through EDIRC
Time Allocation and Labor Supply Labor Economics: General Intertemporal Consumer Choice; Life Cycle Models and Saving;
Find related papers by JEL classification:
- J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
- J01 - Labor and Demographic Economics - - General - - - Labor Economics: General
- D91 - Microeconomics - - Intertemporal Choice - - - Intertemporal Household Choice; Life Cycle Models and Saving
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