The Economics of Dual Job Holding: A Job Portfolio Model of Labor Supply
AbstractIn this paper we develop a job portfolio model of dual job holding based on a Stone-Geary utility function. We derive the associated Slutsky equation components. Because the job portfolio model applies only to unconstrained dual jobholders, we separate individuals who moonlight because of an hours constraint from dual jobholders who work on two job for reasons different from an hours constraint. Income and wage elasticities are estimated for workers without hours constraints using data from the May 1991 supplement to the Current Population Survey. Our study finds that the income and compensated wage elasticities are much larger for labor supply to job 2 compared with job 1.
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Bibliographic InfoPaper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 1915.
Length: 27 pages
Date of creation: Jan 2006
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Find related papers by JEL classification:
- J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
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- Christina H. Paxson & Nachum Sicherman, 1994.
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NBER Working Papers
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- Krishnan, Pramila, 1990. "The Economics of Moonlighting: A Double Self-Selection Model," The Review of Economics and Statistics, MIT Press, vol. 72(2), pages 361-67, May.
- Dolado, Juan J. & Felgueroso, Florentino, 2008.
"Occupational Mismatch and Moonlighting Among Spanish Physicians: Do Couples Matter?,"
CEPR Discussion Papers, C.E.P.R. Discussion Papers
6803, C.E.P.R. Discussion Papers.
- Dolado, Juan J. & Felgueroso, Florentino, 2008. "Occupational Mismatch and Moonlighting among Spanish Physicians: Do Couples Matter?," IZA Discussion Papers 3419, Institute for the Study of Labor (IZA).
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