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
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Dive into the research topics of 'Working time and employment under uncertainty'. Together they form a unique fingerprint.Research output
- 10 Citations
- 1 Discussion paper
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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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