The determinants of labor force participation: an empirical analysis

William E. Cullison

No 79-03, Working Paper from Federal Reserve Bank of Richmond

Abstract: Before the mid-1960's economists generally accepted, with two major exceptions, the neoclassical theory of aggregate labor supply, i.e., the theory that the number or workers supplied to the market varied with wages, population, and work preferences, with work preferences and population treated as exogenous and outside the realm of economics.

Keywords: Labor; supply (search for similar items in EconPapers)
Date: 1979
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