Resource title

Beware of Workaholics : Household Preferences and Individual Equilibrium Utility

Resource image

image for OpenScout resource :: Beware of Workaholics : Household Preferences and Individual Equilibrium Utility

Resource description

This paper analyzes the effects of sociological changes in the form of a shift of influence within two-member households participating in labor and product markets. The most striking effects occur when household members differ in individual preferences and enjoy positive leisure-dependent externalities. For instance, a global sociological change where the ?workaholic" member becomes more influential in each working class household can render the working class worse off. A binding restriction on the number of hours an individual is allowed to work can benefit all workers.

Resource author

Hans Gersbach, Hans Haller

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/20801

Resource license

Adapt according to the presented license agreement and reference the original author.