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The demand for leisure time in the presence of constrained work hours
Author(s) -
Feather PM,
Shaw WD
Publication year - 2000
Publication title -
economic inquiry
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.823
H-Index - 72
eISSN - 1465-7295
pISSN - 0095-2583
DOI - 10.1111/j.1465-7295.2000.tb00043.x
Subject(s) - underemployment , economics , work (physics) , labour economics , supply and demand , labour supply , microeconomics , work hours , unemployment , working hours , macroeconomics , engineering , mechanical engineering
This article presents a labor supply model designed to address situations of overemployment or underemployment in the labor market. Previous labor supply models have taken the possibility of work hour constraints into consideration but typically assumed that the existence of fixed work hours only influenced the decision of labor force participation. This ignores situations in which individuals choose to be employed at fixed‐hour jobs even though these jobs do not offer the desired work hours.