Labor supply

Pramod N. Junankar, William A. Darity

    Research output: Chapter in Book / Conference PaperChapter

    Abstract

    For economists, "labor supply" usually means the hours of work, usually per week, offered for pay or profit. This definition therefore excludes unpaid household work and voluntary work. Usually, the question of labor-force participation (the question of whether a person is working or looking for work) is treated separately. Research on both the theoretical and applied labor supply exploded in the 1980s and 1990s, with the work ranging from models of individual behavior in a static one-period model to dynamic multi-period models for a household.
    Original languageEnglish
    Title of host publicationInternational Encyclopedia of the Social Sciences
    Place of PublicationU.S.A
    PublisherMacmillan Reference
    Pages320-322
    Number of pages3
    Edition2nd ed.
    ISBN (Print)9780028659657
    Publication statusPublished - 2008

    Keywords

    • labor force
    • economics
    • work
    • employment
    • labor supply

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