The Trade off between Working and Leisure, and the Effects of Resource Scarcity and Population Size on the Division of Labor

Xiaokai Yang and Wai-Man Liu
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Wai-Man Liu: University of New South Wales, Australia

Chapter 13 in Inframarginal Economics, 2008, pp 391-410 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:Why Can Division of Labor Enlarge the Scope for the Efficient Trade off Between Working and Leisure?Why Can Leisure Time and Per Capita Consumption of Each Good Increase as Division of Labor Develops?Why Can a Crisis of Resource Shortage Promote Evolution in Division of Labor and Productivity?Implications of High Population Density for Evolution in Division of Labor through Its Effect on the Per Capita Expenditure on InfrastructureFurther ReadingExercises

Keywords: Inframarginal Economics; Inframarginal Analysis; Division of Labor; Specialization; Network Effects; Smithian Framework; Transaction Costs (search for similar items in EconPapers)
JEL-codes: O30 (search for similar items in EconPapers)
Date: 2008
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