Project description
Non-monetary aspects of work, gender, and the future of work
Digital technologies, the COVID-19 crisis, rising incomes and evolving work attitudes have heightened the significance of non-monetary aspects of work, such as flexibility and meaning. This shift carries implications for gender disparities and future labour supply. Moreover, an increase in flexibility may result in diminished wages and bargaining power, particularly for women. The ERC-funded MORETHANMONEY project aims to integrate flexibility and meaning of work into decisions related to family labour supply and retirement. To that end, it will formulate models that incorporate behavioural, labour and family economics, gather unique data sets, and employ structural and reduced-form estimation techniques. Moreover, it will analyse family-level decisions concerning working hours, flexibility, and time spent with children as well as trade-offs over the life cycle.
Objective
Digital technologies, the Covid crisis, rising incomes, and changing work attitudes all contribute to the recent increase in the importance of certain nonmonetary aspects of work - most prominently flexibility and work meaning. What does this mean for gender differences on the labor market and for the future of work? MORETHANMONEY will integrate flexibility and work meaning into the theory and empirics of family labor supply and retirement choices. In three subprojects, I will develop models that combine behavioral, labor and family economics, collect unique data sets that combine administrative, survey and experimental parts, and use structural and reduced-form estimation techniques. A) I will use models of collective labor supply and newly collected data to analyze the choice of hours worked, flexibility, and time spent with children at the family-level. Choosing flexibility may reduce wages and decision power and thus affect the distribution of family resources. A hidden cost of recent policies aimed at increasing flexibility may be that wages and bargaining power of women decrease. B) I will combine the labor economics (flexibility) with the behavioral (meaning of work) perspective and collect data on trade-offs between meaning, flexibility, and wages consistently in several countries. Choosing occupations and sectors with high meaning (like health and education) may restrict the flexibility choice and force women to reduce their labor supply. C) I will take the long-term perspective. While wages translate into retirement incomes, nonwage attributes do not, but they may cause an increase in labor supply. I will model and collect data on trade-offs between wages, hours worked, and nonwage attributes and estimate their effect on retirement decisions over the life cycle. This will greatly increase our understanding of the large differences in retirement incomes between men and women.
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Keywords
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Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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HORIZON.1.1 - European Research Council (ERC)
MAIN PROGRAMME
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Topic(s)
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Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
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Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
HORIZON-ERC - HORIZON ERC Grants
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Call for proposal
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Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) ERC-2022-COG
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20148 Hamburg
Germany
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