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  2. Backward bending supply curve of labour - Wikipedia

    en.wikipedia.org/wiki/Backward_bending_supply...

    The labour supply curve shows how changes in real wage rates might affect the number of hours worked by employees.. In economics, a backward-bending supply curve of labour, or backward-bending labour supply curve, is a graphical device showing a situation in which as real (inflation-corrected) wages increase beyond a certain level, people will substitute time previously devoted for paid work ...

  3. Labour supply - Wikipedia

    en.wikipedia.org/wiki/Labour_supply

    If the substitution effect is stronger than the income effect then the labour supply slopes upward. If, beyond a certain wage rate, the income effect is stronger than the substitution effect, then the labour supply curve bends backward. Individual labor supply curves can be aggregated to derive the total labour supply of an economy. [1]

  4. List of curves - Wikipedia

    en.wikipedia.org/wiki/List_of_curves

    Download as PDF; Printable version; ... Supply curve. Aggregate supply curve; Backward bending supply curve of labor; ... Toggle the table of contents.

  5. Category:Economics curves - Wikipedia

    en.wikipedia.org/wiki/Category:Economics_curves

    Download QR code; Print/export Download as PDF; Printable version; In other projects Wikimedia Commons; Wikidata item; ... Backward bending supply curve of labour;

  6. Category:Labour economics - Wikipedia

    en.wikipedia.org/wiki/Category:Labour_economics

    Download as PDF; Printable version; In other projects Wikimedia Commons; Wikidata item; Appearance. move to sidebar hide. ... Backward bending supply curve of labour; C.

  7. Comparative statics - Wikipedia

    en.wikipedia.org/wiki/Comparative_statics

    Comparative statics is commonly used to study changes in supply and demand when analyzing a single market, and to study changes in monetary or fiscal policy when analyzing the whole economy. Comparative statics is a tool of analysis in microeconomics (including general equilibrium analysis) and macroeconomics .

  8. Overtime - Wikipedia

    en.wikipedia.org/wiki/Overtime

    One common approach to regulating overtime is to require employers to pay workers at a higher hourly rate for overtime work. Companies may choose to pay workers higher overtime pay even if not obliged to do so by law, particularly if they believe that they face a backward bending supply curve of labour.

  9. Dual-sector model - Wikipedia

    en.wikipedia.org/wiki/Dual-sector_model

    In the model, the traditional agricultural sector is typically characterized by low wages, an abundance of labour, and low productivity through a labour intensive production process. In contrast, the modern manufacturing sector is defined by higher wage rates than the agricultural sector, higher marginal productivity, and a demand for more ...