La tasa de desempleo como argumento de la función de oferta de trabajo

Abstract

We consider here a two periods utility maximization model which shows that the variable "probability of getting a job" influences the labor supply decision in each period. Previous models discarded that variable because they were restricted to a one period analysis. They were wrong for other reasons too; for example, Hartley and Revankar's paper misuses Theil's "functions without certainty bias". The effects of changes in the unemployment rate on labor supply under different unemployment compensation systems are also studied.