| 来源类型 | FEEM working papers "Note di lavoro" series |
| 规范类型 | 论文 |
| Beyond GDP: Modelling Labour Supply as a ‘Free Time’ Trade-off in a Multiregional Optimal Growth Model | |
| Valentina Bosetti; Frédéric Ghersi | |
| 发表日期 | 2012 |
| 出处 | Climate Change and Sustainable Development |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | In this paper we develop the standard utility function of a Ramsey-type optimal growth model to account for a ‘market-time’ vs. ‘free-time’ trade-off. To do so, we introduce a free-time preference coefficient that measures the utility gained by deviating from a maximum labour supply defined as the combination of a 95% labour force participation rate for the 20 to 69 year-old population, and 3000 annual working hours (50 effective 60-hour weeks). We calibrate this free-time preference coefficient for 12 world regions on statistical and projected data from the United Nations, the International Labour Organisation and the OECD. We illustrate a prospective use of this modelling development by comparing the consequences of convergence of the free-time preference coefficients of all world regions to the contrasted Western European vs. United States value. Over the 21st century, compared to a business-as-usual trajectory defined by maintained regional disparities in free time preference, convergence to US free time preference induces a 0.3% decrease in global discounted labour market time, but a 4.2% increase in discounted global GDP sustained by a 2.5% increase in primary energy consumption that translates into a 1.7% increase in cumulated CO2-equivalent emissions; convergence to Western European free time preference decreases labour market time by 13.8%, GDP by 11.7%, primary energy consumption by 10.7% and cumulated CO2-equivalent emissions by 9.1%. |
| 特色分类 | C0;O4 |
| 关键词 | Ramsey Growth Model Endogenous Labour Supply. Utility of Leisure Beyond GDP Welfare Valuation |
| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/beyond-gdp-modelling-labour-supply-as-a-free-time-trade-off-in-a-multiregional-optimal-growth-model/ |
| 来源智库 | Fondazione Eni Enrico Mattei (Italy) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/118077 |
| 推荐引用方式 GB/T 7714 | Valentina Bosetti,Frédéric Ghersi. Beyond GDP: Modelling Labour Supply as a ‘Free Time’ Trade-off in a Multiregional Optimal Growth Model. 2012. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| 20126181016391Nota_d（71KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
| 20126181016564NDL201（1405KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
| 文件名： | 20126181016391Nota_di_Lavoro.jpg |
| 格式： | JPEG |
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