On the Genesis of the Canonical Labor Supply Model

Laurent Derobert

Journal of the History of Economic Thought, 2001, vol. 23, issue 2, 197-215

Abstract: The individual's labor supply model, usually called leisure-income, is very well known in labor economics. It determines the time a person spends on the labor market by studying it as the outcome of a trade-off between leisure and income. The model is developed in almost every book on microeconomics. But strangely enough, although all economists know the model, no one seems to know precisely its origins.

Date: 2001
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