Flexible work arrangements and precautionary behaviour : theory and experimental evidence

Rostam-Afschar, Davud; Orland, Andreas

Flexible work arrangements and precautionary behaviour : theory and experimental evidence

dc.contributor.author	Rostam-Afschar, Davud	de
dc.contributor.author	Orland, Andreas	de
dc.date.accessioned	2024-04-08T08:58:55Z
dc.date.available	2024-04-08T08:58:55Z
dc.date.created	2020-04-02
dc.date.issued	2020
dc.description.abstract	In the past years, work time in many industries has become increasingly flexible opening up a new channel for intertemporal substitution. To study this, we set up a two-period model with wage uncertainty. This extends the standard saving model by allowing a worker to allocate a fixed time budget between two work shifts or to save. To test the existence of these channels, we conduct laboratory consumption/saving experiments. A novel feature of our experiments is that we tie them to a real-effort style task. In four treatments, we turn on and off the two channels for consumption smoothing: saving and time allocation. Our four main findings are: (i) subjects exercise more effort under certainty than under risk; (ii) savings are strictly positive for at least 85 percent of subjects (iii) a majority of subjects uses time allocation to smooth consumption; (iv) saving and time shifting are substitutes, though not perfect substitutes.	en
dc.identifier.swb	1693808897
dc.identifier.uri	https://hohpublica.uni-hohenheim.de/handle/123456789/6494
dc.identifier.urn	urn:nbn:de:bsz:100-opus-17428
dc.language.iso	eng
dc.relation.ispartofseries	Hohenheim discussion papers in business, economics and social sciences; 2020,04
dc.rights.license	publ-mit-pod	en
dc.rights.license	publ-mit-pod	de
dc.rights.uri	http://opus.uni-hohenheim.de/doku/lic_mit_pod.php
dc.subject	Precautionary saving	en
dc.subject	Labor supply	en
dc.subject	Intertemporal substitution	en
dc.subject	Experiment	en
dc.subject.ddc	330
dc.subject.gnd	Arbeitszeit	de
dc.title	Flexible work arrangements and precautionary behaviour : theory and experimental evidence	de
dc.type.dcmi	Text	de
dc.type.dini	WorkingPaper	de
local.access	uneingeschränkter Zugriff	en
local.access	uneingeschränkter Zugriff	de
local.bibliographicCitation.publisherPlace	Universität Hohenheim	de
local.export.bibtex	@techreport{Rostam-Afschar2020, url = {https://hohpublica.uni-hohenheim.de/handle/123456789/6494}, author = {Rostam-Afschar, Davud and Orland, Andreas}, title = {Flexible work arrangements and precautionary behaviour : theory and experimental evidence}, year = {2020}, school = {Universität Hohenheim}, series = {Hohenheim discussion papers in business, economics and social sciences}, }
local.export.bibtexAuthor	Rostam-Afschar, Davud and Orland, Andreas
local.export.bibtexKey	Rostam-Afschar2020
local.export.bibtexType	@techreport
local.faculty.number	3	de
local.institute.number	520	de
local.opus.number	1742
local.series.issueNumber	2020,04
local.series.title	Hohenheim discussion papers in business, economics and social sciences
local.university	Universität Hohenheim	de
local.university.faculty	Faculty of Business, Economics and Social Sciences	en
local.university.faculty	Fakultät Wirtschafts- und Sozialwissenschaften	de
local.university.institute	Institute for Economics	en
local.university.institute	Institut für Volkswirtschaftslehre	de

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