Individual Supply of Labour

John Hicks

Chapter Chapter V in The Theory of Wages, 1963, pp 89-111 from Palgrave Macmillan

Abstract: Abstract When an employer hires a workman, he buys work. The wage he is prepared to pay—the price he is prepared to give—depends on the amount of work—the amount of the commodity bought—he expects to receive in return. Other things being equal, a more efficient workman offers more “work” than a less efficient; and he receives higher wages in consequence. In our earlier discussions, we have assumed these other things to be equal, so that the amount of work offered by each man is something fixed, depending on the nature of that man, but not on the conditions on which he is employed. It is now time to drop this convenient simplification. The amount of work a man does is partly a matter of choice, and the amount he chooses to do depends on what he gets for it; if he works under superintendence, the conditions of this superintendence also affect the amount of work he does; and further, his ability to work may be affected by the wages he has been in the habit of receiving in the past.

Keywords: Marginal Utility; High Wage; Demand Curve; Output Optimum; Supply Curve (search for similar items in EconPapers)
Date: 1963
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-00189-7_5

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349001897

DOI: 10.1007/978-1-349-00189-7_5

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().