• Theoretical and practical arguments for modeling labor supply as a choice among latent jobs 

      Dagsvik, John K.; Jia, Zhiyang; Kornstad, Tom; Thoresen, Thor Olav (Discussion papers;692, Working paper, 2012-06)
      Models of labor supply derived from stochastic utility representations and discretized sets of feasible hours of work have gained popularity because they are more practical than standard approaches based on marginal calculus. ...
    • Wealth effects on consumption in financial crises: the case of Norway 

      Jansen, Eilev S. (Discussion Papers;No. 616, Working paper, 2010)
      ABSTRACT: A dynamic consumption function, where consumption in the long run is determined by households’ disposable income and wealth, has been superior to the Euler equation in explaining the development of Norwegian ...