Habit persistence and the long-run labor supply

Struck, Clemens C.

doi:10.1016/j.econlet.2014.05.027

Search citation statements

Order By: Relevance

Paper Sections

Select...

Introduction1

Citation Types

Supporting

Mentioning

Contrasting

Year Published

2014

2021

Publication Types

Select...

Article4

Other1

Relationship

Self Cite0

Independent5

Authors

Journals

Cited by 5 publications

(3 citation statements)

References 19 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…3 For additional discussion, see, for instance, Shapiro and Kimball (2008). 4 See, for instance, Abel (1990), Fuhrer (2000), Luttmer (2005), Rayo and Becker (2007), and Struck (2013). 5 It follows that our research is broadly related to many literatures.…”

Section: Introductionmentioning

confidence: 75%

The Decline of Drudgery and the Paradox of Hard Work

Epstein

Kimball

2021

SSRN Journal

View full text Add to dashboard Cite

Section: Introductionmentioning

confidence: 75%

The Decline of Drudgery and the Paradox of Hard Work

Epstein

Kimball

2021

SSRN Journal

View full text Add to dashboard Cite

“…Guo and Krause (2011), Tuomala and Tenhunen (2013) and Koehne and Kuhn (2015) analyse optimal taxation. Struck (2014) investigates aggregate labour supply effects and Faria and McAdam (2018) consider the optimal consumption path in an economy with a renewable environmental good. This selection of contributions is somewhat arbitrary and certainly omits many other relevant ones.…”

mentioning

confidence: 99%

Habit formation and wage determination

Goerke

2020

Manage Decis Econ

View full text Add to dashboard Cite

We analyse the implications of habit formation relating to wages in a multiperiod efficiency‐wage model. If employees have such preferences, their existence provides firms with incentives to raise wages and reduce employment over time. Greater intensity does not necessarily have the same consequences, because wage adjustments counteract the initial level impact. The firm's response additionally depends on the wage dependency of dismissal costs, because such costs make an increasing wage profile over time more attractive and mitigate the effects of greater intensity of habit formation. We further show that short‐lived productivity shocks have long‐lasting wage and employment consequences. Moreover, habit concerns by firm owners reduce wages.

show abstract

“…Guo and Krause (2011), Tuomala and Tenhunen (2013), and Koehne and Kuhn (2015) analyse optimal taxation. Struck (2014) investigates aggregate labour supply effects and Faria and McAdam (2018) consider the optimal consumption path in an economy with a renewable environmental good. This selection of contributions is somewhat arbitrary and certainly omits many other relevant ones.…”

mentioning

confidence: 99%

An Efficiency-Wage Model with Habit Concerns About Wages

Goerke

2020

SSRN Journal

View full text Add to dashboard Cite

Habit persistence and the long-run labor supply

Cited by 5 publications

References 19 publications

The Decline of Drudgery and the Paradox of Hard Work

The Decline of Drudgery and the Paradox of Hard Work

Habit formation and wage determination

An Efficiency-Wage Model with Habit Concerns About Wages

Contact Info

Product

Resources

About