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positive beliefsprice settingsetting behaviorexperimental evidencenew keynesiankeynesian phillipsphillips curveprecautionary savingphillips kurvebehavioral economicsconsumption savingsaving timetime allocationparty preferencesparty supportsupport positivenormative beliefsheterogeneous priceoverstating understatingweight expectedexpected inflationflexible workwork arrangementsarrangements precautionaryadjustment costscosts experimentalcurve myopicmyopic agentsintertemporal substitutionavoid informationhybrid phillipsexperimental economicslabor supplylabour supplyworking time arrangementprice stickinessinflation expectationsprecautionary behaviorbehavior experimentalevidence pricebeliefs partybehavior menumenu costsevidence personalitypersonality traitstraits perceptionperception macroeconomicmacroeconomic indicatorsindicators surveysurvey evidencepast yearsyears workwork timetime industriesindustries increasinglyincreasingly flexibleflexible openingopening newnew channelchannel intertemporalsubstitution studystudy setset periodperiod modelmodel wagewage uncertaintyuncertainty extendsextends standardmodel allowingworker allocateallocate fixedfixed timetime budgetbudget workwork shiftsshifts savesave testtest existencechannels conducttie realreal effortstyle task
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