Logo
Munich Personal RePEc Archive

Slutsky equation and negative elasticity of labor supply: behavioral bias or optimal consumption-leisure choice?

Malakhov, Sergey (2014): Slutsky equation and negative elasticity of labor supply: behavioral bias or optimal consumption-leisure choice?

Warning
There is a more recent version of this item available.
[thumbnail of MPRA_paper_55751.pdf]
Preview
PDF
MPRA_paper_55751.pdf

Download (545kB) | Preview

Abstract

One of the applications of the prospect theory is the behavioral phenomenon of the negative elasticity of the individual labor supply. This working paper argues that the negative elasticity of labor supply can be understood better with the help of the interpretation of the Slutsky equation with regard to the common consumption-leisure choice.

Available Versions of this Item

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.