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  2. 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]

  3. 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 ...

  4. Labour economics - Wikipedia

    en.wikipedia.org/wiki/Labour_economics

    The direction of the slope may change more than once for some individuals, and the labour supply curve is different for different individuals. Other variables that affect the labour supply decision, and can be readily incorporated into the model, include taxation, welfare, work environment, and income as a signal of ability or social contribution.

  5. Frisch elasticity of labor supply - Wikipedia

    en.wikipedia.org/wiki/Frisch_elasticity_of_labor...

    The magnitude of the Frisch elasticity is typically between 0 and 1, indicating that the increase in labor supply is less than proportional to the increase in wages. For example, if the Frisch elasticity is 0.5, a 10% increase in wages would lead to a 5% increase in labor supply.

  6. Supply (economics) - Wikipedia

    en.wikipedia.org/wiki/Supply_(economics)

    In the labor market, the supply of labor is the amount of time per week, month, or year that individuals are willing to spend working, as a function of the wage rate. In the economic and financial field, the money supply is the amount of highly liquid assets available in the money market , which is either determined or influenced by a country's ...

  7. No signs of US labor market deterioration as job ... - AOL

    www.aol.com/news/us-job-openings-rebound-august...

    The Labor Department's Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday also showed layoffs declining. There were 1.13 job openings for every unemployed person in August ...

  8. NFL on Christmas Day: 4 AFC playoff-bound teams provide a ...

    www.aol.com/sports/nfl-christmas-day-4-afc...

    Before 1989, the only time the NFL played on Christmas was a pair of playoff games in 1971. The NFL adjusted its schedule when Christmas fell on a Sunday to avoid holding games on that day.

  9. Optimal labor income taxation - Wikipedia

    en.wikipedia.org/wiki/Optimal_labor_income_taxation

    Each individual decides on the amount of labour l which maximizes his utility: (+,). These decisions define the labor supply as a function of the tax parameters a and b . Under certain natural assumptions, it is proved that the optimal linear tax has a >0, i.e., it provides a positive lump-sum to individuals with zero income.