Construct · 1 fields · 1 citations

backward-bending labor supply curve: a standalone construct

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backward-bendinglabor supply curve1 CONSTRUCTBackward-bending laborROBBINS · LABOR ECONOMICS

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Labor economics

labor supply curve along which hours worked fall as the wage rises past some point, because the income effect outweighs the substitution effect.

In labor economics, backward-bending labor supply curve refers to labor supply curve along which hours worked fall as the wage rises past some point, because the income effect outweighs the substitution effect. This meaning comes from Robbins (1930) in Economica.[1]

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Nearby constructs

fall2 fields · 3 citationsjingle · one word, two constructslabor4 fields · 4 citationsjingle · one word, four constructssubstitution4 fields · 4 citationsjingle · one word, four constructs

References

  1. Robbins, L. (1930). On the Elasticity of Demand for Income in Terms of Effort. Economica, 123. https://doi.org/10.2307/2548225

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