Construct · 1 fields · 1 citations

frisch elasticity: a standalone construct

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Labor economics

the response of hours worked to a change in the wage holding the marginal utility of wealth constant.

In labor economics, frisch elasticity refers to the response of hours worked to a change in the wage holding the marginal utility of wealth constant. This meaning comes from MaCurdy (1981) in Journal of Political Economy.[1]

Unit
Recovery means
Measured by

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Nearby constructs

constant2 fields · 2 citationsjingle · one word, two constructs elasticity3 fields · 7 citationsjingle · one word, three sciences holding2 fields · 2 citationsjingle · one word, two constructs

References

MaCurdy, T. E. (1981). An empirical model of labor supply in a life-cycle setting. Journal of Political Economy, 89(6), 1059-1085. https://doi.org/10.1086/261023

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