Alternative approaches to discrete working time choice in an AGE framework

Abstract

"We compare two options of integrating discrete working time choice of heterogenous households into a general equilibrium model. The first, known from the literature, produces household heterogeneity through a working time preference parameter. We contrast this with a model that directly incorporates a logit discrete-choice approach into an AGE framework. On the grounds of both calibration consistency and adequate accommodation of within-household interaction, we argue that the logit approach is preferable." (Autorenreferat, IAB-Doku)

Cite article

Arntz, M., Boeters, S. & Gürtzgen, N. (2005): Alternative approaches to discrete working time choice in an AGE framework. (ZEW discussion paper 2005-62), Mannheim, 38 p.