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Individual Labour Supply Decisions with Respect To Household Production and Over the Life Cycle

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  • Dagmar Brožová
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    Abstract

    The article presents two other applications of the standard neoclassical model of consumption-leisure choice, which forms the individual labour supply. The first one is decision making concerning time allocation with regard to household production; the second one is focused on labour supply over the life cycle. The final part supports the theoretical conclusions of models with selected recent statistical data from the Czech background.

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    Bibliographic Info

    Article provided by University of Economics, Prague in its journal Acta Oeconomica Pragensia.

    Volume (Year): 2010 (2010)
    Issue (Month): 1 ()
    Pages: 21-33

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    Handle: RePEc:prg:jnlaop:v:2010:y:2010:i:1:id:292:p:21-33

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    Related research

    Keywords: time allocation; life cycle labour supply; intertemporal substitution hypothesis; household production;

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    1. Heckman, James J, 1974. "Life Cycle Consumption and Labor Supply: An Explanation of the Relationship Between Income and Consumption Over the Life Cycle," American Economic Review, American Economic Association, vol. 64(1), pages 188-94, March.
    2. Gilbert Ghez & Gary S. Becker, 1975. "The Allocation of Time and Goods over the Life Cycle," NBER Books, National Bureau of Economic Research, Inc, number ghez75-1, July.
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