Construct · 1 fields · 1 citations

indivisible labor: a standalone construct

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Macroeconomics

the assumption that people either work a fixed shift or not at all, which makes aggregate hours highly elastic even when individual labor supply is not.

In macroeconomics, indivisible labor refers to the assumption that people either work a fixed shift or not at all, which makes aggregate hours highly elastic even when individual labor supply is not. This meaning comes from Hansen (1985) in Journal of Monetary Economics.[1]

Unit
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Nearby constructs

aggregate3 fields · 6 citationsjingle · one word, three constructs labor4 fields · 4 citationsjingle · one word, four constructs shift4 fields · 7 citationsjingle · one word, four constructs

References

Hansen, G. D. (1985). Indivisible labor and the business cycle. Journal of Monetary Economics, 16(3), 309-327. https://doi.org/10.1016/0304-3932(85)90039-x

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