Atkinson model

The Atkinson model is a way to analyze how people allocate their time and income to achieve a certain level of well-being or utility. It focuses on the trade-offs between working hours, leisure, and income, considering that people value both earning money and having free time. By examining these choices, the model helps explain why individuals might work longer or shorter hours based on their preferences and societal factors, aiming to reach a desired balance between income and leisure while maximizing their overall satisfaction.