The effects of stochastic wages and non-labor income on labor supply: update and extensions

DOI10.1007/S00712-010-0119-2MaRDI QIDQ972728zbMATHOpenAlexFDO

Authors W. Henry Chiu, Louis Eeckhoudt

Publication date 21 May 2010

Published in Journal of Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00712-010-0119-2

zbMATH Keywords

stochastic dominancerisk aversionprudencelabor supply

Mathematics Subject Classification ID

Recommendations

• Labor supply with stochastic wage rate and non-labor income uncertainty
• Labor supply under wage uncertainty
• Consistent preferences and the allocation of effort under uncertainty: the case of risk-averse behavior
• Constrained labor supply and risk-aversion
• Instrument effects and stochastic dominance

Cites work

• Another Type of Risk Aversion
• Increasing outer risk
• Labor supply and wage rate uncertainty
• On relative and partial risk attitudes: theory and implications
• On the Theory of Risk Aversion
• Optimal saving in the presence of two risks
• Some Stronger Measures of Risk Aversion in the Small and the Large with Applications

Cited in

(20)

• Changes in risk and strategic interaction
• Consistent preferences and the allocation of effort under uncertainty: the case of risk-averse behavior
• Labor supply with stochastic wage rate and non-labor income uncertainty
• The LeChatelier principle for changes in risk
• Pigouvian tax, abatement policies and uncertainty on the environment
• New results on the relationship among risk aversion, prudence and temperance
• A complete characterization of the inverted s-shaped labor supply curve
• Changes in multiplicative risks and optimal portfolio choice: new interpretations and results
• Comparing utility derivative premia under additive and multiplicative risks
• Nonlinear risks: a unified framework
• An analysis of precautionary behavior in retirement decision making with an application to pension system reform
• Precautionary retirement and precautionary saving
• An interpretation of the condition for precautionary saving: the case of greater higher-order interest rate risk
• Refinements on macroeconomic modeling: the role of non-separability and heterogeneous labor supply
• Labor supply under wage uncertainty
• New results on high-order risk changes
• Precautionary saving under many risks
• Some conditions for the equivalence between risk aversion, prudence and temperance
• Comparative statics in an ordinal theory of choice under risk
• Do private income transfers increase labor market risk?

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