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The Effect of Income and Wage Rates on the Labor Supply of Young Men and Women. Discussion Paper No. 226-74.
| Content Provider | Semantic Scholar |
|---|---|
| Author | Garfinkel, Irwin Masters, Stanley H. |
| Copyright Year | 1974 |
| Abstract | In this paper we estimate the effect of income and wage rates on the labor supply of men and women, ages 20-24. Economic theory predicts a positive substitution effect and, providing leisure is a normal good, a negative income effect. In general, we do find such effects empirically. The magnitude of the results depends very heavily on whether or not we control for the young person's |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://files.eric.ed.gov/fulltext/ED102282.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Discussion |