Working time and employment under uncertainty

Yu-Fu Chen; Michael Funke

Working time and employment under uncertainty

Yu-Fu Chen, Michael Funke

Research output: Contribution to journal › Article › peer-review

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 and examine the determinants of employment and hours in a stochastic framework. A number of simulation exercises to illustrate the workings of the model are also undertaken.

Original language	English
Journal	Studies in Nonlinear Dynamics and Econometrics
Volume	8
Issue number	3
Publication status	Published - 2004

Keywords

Real options
Uncertainty
Working time
Employment
Labour demand

10 Citations
1 Discussion paper

Dundee Discussion Papers in Economics 134: Working time and employment under uncertainty
Chen, Y.-F. & Funke, M., 2002, University of Dundee, (Dundee Discussion Papers in Economics; no. 134).
Research output: Working paper/Preprint › Discussion paper

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AB - 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 and examine the determinants of employment and hours in a stochastic framework. A number of simulation exercises to illustrate the workings of the model are also undertaken.

KW - Real options

KW - Uncertainty

KW - Working time

KW - Employment

KW - Labour demand

M3 - Article

SN - 1558-3708

VL - 8

JO - Studies in Nonlinear Dynamics and Econometrics

JF - Studies in Nonlinear Dynamics and Econometrics

IS - 3

ER -

Working time and employment under uncertainty

Abstract

Keywords

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Research output

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

Cite this