Desired work-leisure balance in a partial equilibrium job search model with multiple job holding

Q3 Business, Management and Accounting

IZA Journal of Labor Economics Pub Date : 2023-12-01 DOI:10.2478/izajole-2023-0006

Simon Ming Sum Lo

引用次数: 0

Abstract

Abstract Work-leisure balances are beneficial to society. A partial equilibrium job search model is developed to explain desired work-leisure tradeoffs for single-job holders and multiple-job holders. Significant work-leisure mismatches are found: 63% of the observations underwork by an average of 17 hours per week, while 37% overwork by 8.5 hours. The value of leisure is approximately four times the average hourly real wage when a single job is held, and it drops by one-third when multiple jobs are held. Models ignoring possibilities of multiple jobholding overstate the elasticity of leisure and understate the value of leisure.

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具有多重工作持有的部分均衡求职模型中的理想工作与休闲平衡

摘要工作与休闲的平衡对社会有益。本文建立了一个局部均衡求职模型，以解释单职业者和多职业者在工作与休闲之间的理想权衡。研究发现，工作与休闲之间存在严重的不匹配现象：63%的观察对象每周平均工作不足 17 个小时，而 37% 的观察对象每周工作过量 8.5 个小时。从事单一工作时，休闲价值约为平均每小时实际工资的四倍，而从事多份工作时，休闲价值则下降三分之一。忽略多份工作可能性的模型夸大了休闲弹性，低估了休闲价值。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

IZA Journal of Labor Economics Business, Management and Accounting-Industrial Relations

CiteScore

1.40

自引率

0.00%

发文量

审稿时长

13 weeks

期刊介绍： As of March 31, 2019, the IZA Open Access Journal Series will transfer to Sciendo. Please use the Springer Editorial Manager system for all submissions until February 28. During the transfer period in March 2019 you may direct your submissions to journals@iza.org. The IZA Journal of Labor Economics publishes scientific articles in all areas of labor economics. This refers to original high-quality theoretical and applied contributions on both microeconomic and macroeconomic labor-related topics. In particular, the IZA Journal of Labor Economics encourages submissions in subject areas that are closely linked to the various IZA Program Areas, ranging from education, family and environment to mobility, behavioral and personnel economics, and labor market institutions, among others. The IZA Journal of Labor Economics is part of IZA’s mission of contributing to social and economic discourse, enabling political decision-making to be based on the best available scientific knowledge. We want to stimulate research to close knowledge gaps. Hence, the IZA Journal of Labor Economics particularly welcomes contributions that provide scientifically sound answers to open and relevant questions of modern labor economics.