Dundee Discussion Papers in Economics 134: Working time and employment under uncertainty

Yu-Fu Chen; Michael Funke

Dundee Discussion Papers in Economics 134: Working time and employment under uncertainty

Yu-Fu Chen, Michael Funke

Research output: Working paper/Preprint › Discussion paper

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Abstract

The standard literature on working time has modelled the decisions of firms in a deterministic framework in which firms can choose between employment and overtime (given mandated standard hours). Contrary to this approach, we consider the impact of uncertainty and real options on the decision of working time, i.e. we examine the determinants of employment and hours in a stochastic framework. We conclude the theoretical analysis with a number of simulation exercises to illustrate the working of the model.

Original language	English
Publisher	University of Dundee
Publication status	Published - 2002

Publication series

Name	Dundee Discussion Papers in Economics
Publisher	University of Dundee
No.	134
ISSN (Print)	1473-236X

Keywords

Real options
Uncertainty
Working time
Employment
Labour demand

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DDPE_134.pdf

1 Article

Working time and employment under uncertainty
Chen, Y.-F. & Funke, M., 2004, In: Studies in Nonlinear Dynamics and Econometrics. 8, 3
Research output: Contribution to journal › Article › peer-review

Cite this

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abstract = "The standard literature on working time has modelled the decisions of firms in a deterministic framework in which firms can choose between employment and overtime (given mandated standard hours). Contrary to this approach, we consider the impact of uncertainty and real options on the decision of working time, i.e. we examine the determinants of employment and hours in a stochastic framework. We conclude the theoretical analysis with a number of simulation exercises to illustrate the working of the model.",

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KW - Labour demand

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Dundee Discussion Papers in Economics 134: Working time and employment under uncertainty

Abstract

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Keywords

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Research output

Working time and employment under uncertainty

Cite this