TY - JOUR AU - VASILEV, Aleksandar PY - 2016 TI - Straight-Time and Overtime: A Sequential-Lottery Approach JF - Theoretical and Practical Research in Economic Fields; Vol 7 No 1 (2016): TPREF, Volume VII, Issue 1(13), Summer 2016 DO - 10.14505/tpref.v7.1(13).06 KW - N2 - This note explores the problem of aggregation with non-convex labor supply decisions in an economy with both straight time and overtime. In contrast to Hansen and Sargent (1988), the paper models this as a sequential decision. Instead of changing from one to infinity, with a sequential non-convexity, the aggregate elasticity of labor supply for overtime work is a function of overall participation rate, and the aggregate elasticity of labor supply for full-time work depends on the share of workers doing overtime. UR - https://journals.aserspublishing.eu/tpref/article/view/1257