The Dual Impact of Technical Progress

Jean Vercherand
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Jean Vercherand: INRA CESAER

Chapter 4 in Labour, 2014, pp 108-147 from Palgrave Macmillan

Abstract: Abstract The previous chapter was devoted to refuting the basic neoclassical representation of labour supply, according to which households are assumed to work for a duration and at an intensity such that they optimise their choices. This means that the global volume of labour taken on by companies does not correspond to the aggregation of optimal supplies from individuals. This raises the question of the determinants of this global volume.

Keywords: Wage Rate; Consumer Good; Real Interest Rate; Technical Progress; Consumption Function (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-37361-8_5

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DOI: 10.1057/9781137373618_5

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