The Basic Model of Labour Supply
Soon Beng Chew
Chapter 2 in Labour Economics and Public Policy:Managing the Labour Markets for Competitiveness, 2017, pp 15-32 from World Scientific Publishing Co. Pte. Ltd.
Abstract:
The purpose of this chapter is to present the basic model of income–leisure model. This basic model will be used to analyze decisions concerning whether a person is to enjoy leisure or work subject to the wage rate and wealth.
Keywords: Labour Market Competitiveness; Labour Unions; Macro-Focused Union; Union Social Responsibility; Union as a Public Good (search for similar items in EconPapers)
JEL-codes: J08 (search for similar items in EconPapers)
Date: 2017
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