Deriving the labour supply curve from happiness data
Access Status
Authors
Date
2012Type
Metadata
Show full item recordCitation
Source Title
ISSN
Remarks
NOTICE: this is the author’s version of a work that was accepted for publication in Economics Letters. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Economics Letters, Volume 117, 2012, Pages 898-900, http://dx.doi.org/10.1016/j.econlet.2012.07.002
Collection
Abstract
An alternative empirical method to estimating the labour supply function is proposed, based upon subjective wellbeing data. It potentially addresses limitations of the standard neo-classical approach by allowing workers’ observed hours worked to deviate from their utility maximising point.