Unemployment and the Supply of Labor

Samuel Rea

Journal of Human Resources, 1974, vol. 9, issue 2, 279-289

Abstract: This paper integrates reported unemployment into a model of labor supply. Given the assumption that the individual faces a fixed wage rate, the model enables one to estimate empirically the proportion of reported unemployment that is leisure time. From cross section data, these estimates range from about half for married women to zero for men whose wives are out of the labor force. It is concluded that (1) unemployment is partly leisure, (2) the loss of income during a period of unemployment increases hours worked when employment is found, and (3) there is only a slight additional worker effect.

Date: 1974
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.jstor.org/stable/pdfplus/144977
A subscription is required to access pdf files. Pay per article is available.

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:uwp:jhriss:v:9:y:1974:i:2:p:279-289

Access Statistics for this article

More articles in Journal of Human Resources from University of Wisconsin Press
Bibliographic data for series maintained by ().