Behavioural labour economics

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    1 Citation (Scopus)

    Abstract

    This chapter presents complementary methodologies to contemporary economic theory which focuses on price and income as determinants of labour supply. An alternative model is presented based on the realistic assumption that labour supply is affected by target income and, relatedly, to target non-market time (child care, other family responsibilities), as well as the utility that individuals gain from market work unlike in conventional economics where leisure is a superior good. Attention is also paid to information asymmetries, limited information processing capabilities as well and job search constraints and social norms as core determinants of labour supply. These have significant implications for analysis and policy.
    Original languageEnglish
    Title of host publicationHandbook of Research Methods in Behavioural Economics
    Subtitle of host publicationAn Interdisciplinary Approach
    EditorsMorris Altman
    Place of PublicationCheltenham
    PublisherEdward Elgar Publishing
    Chapter9
    Pages153-171
    Number of pages19
    ISBN (Electronic)9781839107948
    ISBN (Print)9781839107931
    DOIs
    Publication statusPublished - 17 Mar 2023

    ASJC Scopus subject areas

    • Economics, Econometrics and Finance(all)
    • General Social Sciences
    • General Psychology

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