{"title":"具有非凸劳动力供给决策、不可观察的努力和激励(“公平”)工资的聚合","authors":"Aleksandar Vasilev","doi":"10.14505//TPREF.V9.2(18).03","DOIUrl":null,"url":null,"abstract":"The purpose of this note is to explore the problem of a non-convex labor supply decision in an economy with unobservable e_ort and incentive (\"fair\") wages a la Danthine and Kurmann (2004), and explicitly perform the aggregation presented there without a formal proof, and thus provide - starting from micro-foundations - the derivation of the expected utility functions used for the aggregate household. We show how lotteries as in Rogerson (1988) can be used to convexify consumption sets, and aggregate over individual preferences. With a discrete labor supply decisions, the elasticity of aggregate labor supply becomes a function of effort","PeriodicalId":362173,"journal":{"name":"Theoretical and Practical Research in the Economic Fields","volume":"23 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2018-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"2","resultStr":"{\"title\":\"AGGREGATION WITH A NON-CONVEX LABOR SUPPLY DECISION, UNOBSERVABLE EFFORT, AND INCENTIVE (“FAIR”) WAGES\",\"authors\":\"Aleksandar Vasilev\",\"doi\":\"10.14505//TPREF.V9.2(18).03\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"The purpose of this note is to explore the problem of a non-convex labor supply decision in an economy with unobservable e_ort and incentive (\\\"fair\\\") wages a la Danthine and Kurmann (2004), and explicitly perform the aggregation presented there without a formal proof, and thus provide - starting from micro-foundations - the derivation of the expected utility functions used for the aggregate household. We show how lotteries as in Rogerson (1988) can be used to convexify consumption sets, and aggregate over individual preferences. With a discrete labor supply decisions, the elasticity of aggregate labor supply becomes a function of effort\",\"PeriodicalId\":362173,\"journal\":{\"name\":\"Theoretical and Practical Research in the Economic Fields\",\"volume\":\"23 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2018-12-31\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"2\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Theoretical and Practical Research in the Economic Fields\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.14505//TPREF.V9.2(18).03\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Theoretical and Practical Research in the Economic Fields","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.14505//TPREF.V9.2(18).03","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
AGGREGATION WITH A NON-CONVEX LABOR SUPPLY DECISION, UNOBSERVABLE EFFORT, AND INCENTIVE (“FAIR”) WAGES
The purpose of this note is to explore the problem of a non-convex labor supply decision in an economy with unobservable e_ort and incentive ("fair") wages a la Danthine and Kurmann (2004), and explicitly perform the aggregation presented there without a formal proof, and thus provide - starting from micro-foundations - the derivation of the expected utility functions used for the aggregate household. We show how lotteries as in Rogerson (1988) can be used to convexify consumption sets, and aggregate over individual preferences. With a discrete labor supply decisions, the elasticity of aggregate labor supply becomes a function of effort
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