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Deriving the labour supply curve from happiness data

  • Dockery, Alfred M.

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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File URL: http://www.sciencedirect.com/science/article/pii/S0165176512003874
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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
Contact details of provider: Web page: http://www.elsevier.com/locate/ecolet

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  1. 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.
  2. 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.
  3. Bruno S. Frey, 2008. "Happiness: A Revolution in Economics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262062771, June.
  4. Ada Ferrer-i-Carbonell & Paul Frijters, 2004. "How Important is Methodology for the estimates of the determinants of Happiness?," Economic Journal, Royal Economic Society, vol. 114(497), pages 641-659, 07.
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