Lifetime Aggregate Labor Supply with Endogenous Workweek Length
研究内生化工作周长度下的终生总劳动供给,发现工作周长度约束对总工时和总劳动服务的影响不同,且延长工作寿命的政策可能不增加总劳动供给。
This paper studies lifetime aggregate labor supply with endogenous workweek length. Such a theory is needed to evaluate various government policies. A key feature of our model is a nonlinear mapping from hours worked to labor services. This gives rise to an endogenous workweek that can differ across occupations. The theory determines what fraction of the lifetime an individual works, not when. We find that constraints on workweek length have different consequences for total hours than total labor services. Also, we find that policies designed to increase the length of the working life may not increase aggregate lifetime labor supply. _____________________________________________________________________________________