Behavioural labour economics

Morris Altman

doi:10.4337/9781839107948.00017

Behavioural labour economics

Morris Altman

Research output: Chapter in Book/Report/Conference proceeding › Chapter

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 language	English
Title of host publication	Handbook of Research Methods in Behavioural Economics
Subtitle of host publication	An Interdisciplinary Approach
Editors	Morris Altman
Place of Publication	Cheltenham
Publisher	Edward Elgar Publishing
Chapter	9
Pages	153-171
Number of pages	19
ISBN (Electronic)	9781839107948
ISBN (Print)	9781839107931
DOIs	https://doi.org/10.4337/9781839107948.00017
Publication status	Published - 17 Mar 2023

ASJC Scopus subject areas

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

Access to Document

10.4337/9781839107948.00017

Handbook of research methods in behavioural economics: An interdisciplinary approach
Altman, M., 17 Mar 2023, Cheltenham: Edward Elgar Publishing. 532 p.
Research output: Book/Report › Book
2 Link opens in a new tab Citations (Scopus)

Cite this

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Behavioural labour economics

Abstract

ASJC Scopus subject areas

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Research output

Handbook of research methods in behavioural economics: An interdisciplinary approach

Cite this