- Title
- The labour supply curve: A pluralist approach to investigate its measurements
- Creator
- Cavagnoli, Donatella
- Date
- 2012
- Type
- Text; Journal article
- Identifier
- http://researchonline.federation.edu.au/vital/access/HandleResolver/1959.17/55767
- Identifier
- vital:5353
- Identifier
-
https://doi.org/10.1071/SB13020
- Identifier
- ISSN:1035-3046
- Abstract
- The neoclassical theory of labour supply cannot unambiguously explain the decision of highly-skilled high-wage male workers to work longer and harder than their counterparts in the 1980s. We investigate the labour supply elasticities of these workers, over time, and across countries, within a ceteris paribus condition. The estimates reveal a shift rather than a movement along the supply curve. We find that ambiguities are due to the absence, in the theory, of a clear distinction between a change in consumption that is partly due to changes in the wage rate and partly due to changes in purchasing power. We apply a new pluralist approach to the standard income-leisure choice framework and provide for a more systematic and consistent method of measuring variations in labour supply, with policy implications.; C1
- Relation
- Economic and Labour Relations Review Vol. 23, no. 3 (September 2012), p. 71-87
- Rights
- © Author 2012
- Rights
- This metadata is freely available under a CCO license
- Subject
- Compensated wage elasticity; Cost price of leisure; Income (-consumption) leisure choice framework; Reservation wage; Uncompensated wage elasticity; 1402 Applied Economics; 1605 Policy and Administration
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