Working Hours and Hedonic Wages in the Market Equilibrium
分析工作时间作为不可分割商品时的市场均衡，指出享乐工资曲线对小时工资率的弹性必须为正或小于-1，且数据通常无法揭示供需结构。
In the conventional model of labor supply, working hours are implicitly assumed to be divisible goods, which is an obviously unrealistic assumption. The purpose of this paper is to analyze working hours as indivisible goods. When working hours are indivisible, labors are differentiated in the market by their length, and wages will be a function of working hours. The main conclusions are that (1) in the market equilibrium, the elasticity of the hedo nic wage curve with respect to hourly wage rates must be positive or less than A1 and (2) generally data will reveal neither demand nor su pply structures. Copyright 1987 by University of Chicago Press.