Working time and employment under uncertainty

Yu-Fu Chen, Michael Funke

    Research output: Contribution to journalArticlepeer-review

    10 Citations (Scopus)


    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 languageEnglish
    JournalStudies in Nonlinear Dynamics and Econometrics
    Issue number3
    Publication statusPublished - 2004


    • Real options
    • Uncertainty
    • Working time
    • Employment
    • Labour demand


    Dive into the research topics of 'Working time and employment under uncertainty'. Together they form a unique fingerprint.

    Cite this