Labour Supply and Saving Under Uncertainty
Bibliographic Data
| ID | 9711449 |
|---|---|
| Authors | Martin Flodén (Stockholm School of Economics, corresponding author) |
| Year | 2006 |
| Volume | 116 |
| Issue | 513 |
| Pages | 721-737 |
| Publication date | 2006-07-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/j.1468-0297.2006.01108.x |
| OpenAlex | W2046999650 |
| Language | EN |
| Citations received | 5 |
| References cited | 17 |
This article examines how variations in labour supply can be used to self-insure against wage uncertainty and the impact of such self-insurance on precautionary saving. The analytical framework is a two-period model with saving and labour-supply decisions, where preferences are consistent with balanced growth. The main findings are that (i) labour-supply flexibility raises precautionary saving when future wages are uncertain, and (ii) uncertainty about future wages raises current labour supply and reduces future labour supply. Copyright 2006 The Author. Journal compilation Royal Economic Society 2006
Economics · Flexibility (engineering · Labour economics · Labour supply · Wage · Financial Literacy, Pension, Retirement Analysis · Fiscal Policy and Economic Growth · Monetary Policy and Economic Impact
Production, growth and business cycles
The Effects of Health, Wealth, and Wages on Labour Supply and Retirement Behaviour
Precautionary Saving in the Small and in the Large
Uninsured Idiosyncratic Risk and Aggregate Saving
Saving and Uncertainty
Risk Aversion in the Small and in the Large
Maximum principles in analytical economics
Cyclical Dynamics in Idiosyncratic Labor Market Risk
Wage Uncertainty and the Labour Supply of Self‐Employed Workers
| Unique citing works | 5 |
|---|---|
| Citations per year | 0,56 |
| Citation span | 2017 - 2026 (10) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 5 |