The Economics of Multiple Job Holding.

Item request has been placed! ×
Item request cannot be made. ×
loading   Processing Request
  • Additional Information
    • Subject Terms:
    • Abstract:
      This article investigates the determinants of the moonlighting supply function in terms of demographic and market factors. It also describes the relationship between primary and secondary employment in the U.S. A person holding two or more jobs is said to be moonlighting, or participating in a secondary labor market. Economic literature has treated moonlighting in two ways. First, there have been several attempts to extend traditional micro-economic theory to explain the individual moonlighter's supply curve. Second, some researchers have presented demographic profiles of the typical moonlighter. Traditionally, an individual receives purchasing power, or income, as payment for work. Time spent to obtain this income can be viewed as forgone leisure. The general character of second jobs often limits the number of hours that can be worked to less than full time or is contingent upon or complementary to the primary employment, or has an unacceptable uncertainty of income given the person's risk aversion. If an individual is completely free to determine the number of hours he wants to work, at a high enough secondary wage he may develop a backward bending supply curve, and an increase in his secondary wage might result in a decrease in the number of hours worked.