Hours of Labour

Chapman, Sammy

doi:10.2307/2221102

Cited by 36 publications

(12 citation statements)

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“…It takes empirical cues from Denison and Zeisel but analytically relies on the economics of fatigue and productivity pioneered by Sydney J. Chapman ( 1909 ).…”

Section: The Hours and Output Spreadsheetmentioning

confidence: 99%

Toward a Good Society in the Twenty-First Century

Karagiannis¹,

Marangos²

2013

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“…It takes empirical cues from Denison and Zeisel but analytically relies on the economics of fatigue and productivity pioneered by Sydney J. Chapman ( 1909 ).…”

Section: The Hours and Output Spreadsheetmentioning

confidence: 99%

Toward a Good Society in the Twenty-First Century

Karagiannis¹,

Marangos²

2013

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“…See Spencer (2003). mentions the work of Thorstein Veblen (1925) and Sydney Chapman (1909) but then only to dismiss these authors as the originators of the canonical model.…”

Section: Lost Controversiesmentioning

confidence: 99%

“The Labor-Less Labor Supply Model” in the Era Before Philip Wicksteed

Spencer

2003

J Hist Econ Thought

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In a recent article in this journal, Laurent Derobert (2001) examined the origins of the canonical model of labor supply. According to this model, workers will exchange “leisure” for work at a rate determined by the hourly wage. In this case, labor supply will be a simple function of the utility of leisure and the utility of income. Paradoxically, this permits the understanding of labor supply to proceed without consideration of labor itself. Derobert identifies Philip H. Wicksteed (1910) as the originator of this approach. Apparently he was the first economist to model labor supply in terms of a leisure-income trade-off. Thus it is claimed that Wicksteed bequeathed to the economics profession the paradox of the “labor-less labor supply model.”

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“…I make two assumptions (A1)-(A2) and one normalization (A3) about the disutility of work v(N) defined on [0,n max ]: 2 Hansen (1985, p. 312) and others suggest that this indivisibility derives from fixed costs of traveling to work, setting up the work day, or obtaining a job. Based on the suggestions of Chapman (1909), Mulligan (1999) builds an explicit continuous time mathematical model of fixed costs and the optimal bunching of work in time, and shows how aggregates (over time and across persons) of such a model are indistinguishable from the (IN) and (LR) models. He notes one exception, which I note in Section IV.A below.…”

Section: (Lr) Optimal Divisible Labor In Discrete Timementioning

confidence: 99%

Aggregate Implications of Indivisible Labor

Mulligan

2001

Topics in Macroeconomics

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I suggest that the aggregate implications of indivisible labor are few, and subtle. First, I model behavior in an "indivisible labor" environment like those of Diamond and Mirrlees (1978, 1986), Hansen (1985), Rogerson (1988), Christiano and Eichenbaum (1992) and show how an inverse distribution function describing heterogeneity in the indivisible model is isomorphic with the marginal disutility schedule from the divisible labor model of Lucas and Rapping (1969). It follows that aggregate behavior in such an indivisible model is indistinguishable from aggregates generated by the divisible model; any data on aggregate hours and earnings generated by the divisible (indivisible) model can be generated by a similar parameterization of the indivisible (divisible) model. Second, I generalize the aforementioned models of indivisible labor to allow for labor supply on the "intensive" margin, and to allow for nonlinear taxes. The aggregate implications of doing the former are quite subtle, but doing the latter suggests that the indivisibility of labor may have implications for public finance. My results also imply that backward bending aggregate labor supply, and any nonnegative degree of aggregate intertemporal substitution, are consistent with standard economic theory even when all labor is supplied on the so-called "extensive" margin. Finally, my results suggest that the classic aggregate studies of labor supply by Mincer, Bowen and Finegan, and others have a simple microeconomic interpretation.

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Hours of Labour

Cited by 36 publications

References 0 publications

Toward a Good Society in the Twenty-First Century

Toward a Good Society in the Twenty-First Century

“The Labor-Less Labor Supply Model” in the Era Before Philip Wicksteed

Aggregate Implications of Indivisible Labor

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