Resource title

Alternative Approaches to Discrete Working Time Choice in an AGE Framework

Resource image

image for OpenScout resource :: Alternative Approaches to Discrete Working Time Choice in an AGE Framework

Resource description

We compare two options of integrating discrete working time choice of heterogenous households into a general equilibrium model. The first, known from the literature, produces household heterogeneity through a working time preference parameter. We contrast this with a model that directly incorporates a logit discrete-choice approach into a AGE framework. On the grounds of both calibration consistency and adequate accomodation of within-household interaction, we argue that the logit approach is preferable.

Resource author

Melanie Arntz, Stefan Boeters, Nicole G├╝rtzgen

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/24158

Resource license

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