Models and Factors of Labour Force Participation—Theoretical and Empirical Considerations

Katarzyna Saczuk ()
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Katarzyna Saczuk: IOM, Central European Forum for Migration and Population Research

Chapter Chapter 8 in International Migration and the Future of Populations and Labour in Europe, 2013, pp 127-142 from Springer

Abstract: Abstract Despite extensive research, both theoretical and empirical, there is no universal model of labour supply. Instead, a mix of models or factors is usually used to explain the developments or examine some particular features of labour participation. This chapter briefly discusses the labour–leisure model, the household supply model, the life cycle allocation of time model and the dynamic labour supply model as a base for most theoretical and empirical research of labour supply. The most important factors of labour participation include the business cycle, social security, education, motherhood and social habits. The decision whether to work or not is a complex one and seems to be dependent on socio-economic characteristics, family status and the age of the population concerned. For women yet another factor plays an important role, namely the decision to combine a career with motherhood. These theoretical consideration pave the way to defining future scenarios of labour force participation.

Keywords: Labour Market; Labour Supply; Wage Rate; Labour Force Participation; Early Retirement (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:ssdmcp:978-90-481-8948-9_8

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DOI: 10.1007/978-90-481-8948-9_8

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