Deriving the labour supply curve from happiness data
An alternative empirical method to estimating the labour supply function is proposed, based upon subjective wellbeing data. It potentially addresses limitations of the standard neo-classical approach by allowing workers’ observed hours worked to deviate from their utility maximising point.
| Main Author: | |
|---|---|
| Format: | Journal Article |
| Published: |
Elsevier
2012
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/20.500.11937/27963 |