Labour Supply and Saving Under Uncertainty  

Oleh:

Floden, Martin

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 116 no. 513 (2006), page 721-737.
Topik: labour; labour supply; saving; undercertainty
Fulltext: 721.pdf (153.08KB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: Double, EE28.22 Non-tandon: 2 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

This article examines how variations in labour supply can be used to self - insure against wage uncertainty and the impact of such self - insurance on precautionary saving. The analytical framework is a two - period model with saving and labour - supply decisions, where preferences are consistent with balanced growth. The main findings are that : (i) labour - supply flexibility raises precautionary saving when future wages are uncertain, and (ii) uncertainty about future wages raises current labour supply and reduces future labour supply.

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