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Desired work-leisure balance in a partial equilibrium job search model with multiple job holding

Simon Ming Sum Lo

IZA Journal of Labor Economics2023https://doi.org/10.2478/izajole-2023-0006article
ABDC A
Weight
0.54

Abstract

Work-leisure balances are beneficial to society. A partial equilibrium job search model is developed to explain desired work-leisure tradeoffs for single-job holders and multiple-job holders. Significant work-leisure mismatches are found: 63% of the observations underwork by an average of 17 hours per week, while 37% overwork by 8.5 hours. The value of leisure is approximately four times the average hourly real wage when a single job is held, and it drops by one-third when multiple jobs are held. Models ignoring possibilities of multiple jobholding overstate the elasticity of leisure and understate the value of leisure.

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https://doi.org/https://doi.org/10.2478/izajole-2023-0006

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@article{simon2023,
  title        = {{Desired work-leisure balance in a partial equilibrium job search model with multiple job holding}},
  author       = {Simon Ming Sum Lo},
  journal      = {IZA Journal of Labor Economics},
  year         = {2023},
  doi          = {https://doi.org/https://doi.org/10.2478/izajole-2023-0006},
}

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Evidence weight

0.54

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.80 × 0.15 = 0.12
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

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