Behavioural labour economics

Research output: Chapter in Book/Report/Conference proceedingChapter

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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