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Theory of Individual Labour Supply Decisions. Selected Applications and Extensions of the Basic Model
[Teorie rozhodování o individuální nabídce práce. Vybrané aplikace a rozšíření základního modelu]

Author

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  • Dagmar Brožová

Abstract

The article deals with a subject s decisions about his individual labour supply. It explains the development of this problem from the cardinalistic point of view, characteristic for marginalistic economists, concerning ordinalistic decision-making between consumption and free time. The gist of this contribution is extending the basic neo-classical model in the sense of analysing selected application cases. Considered to be one of the most important applications of this model, household decision-making about labour supply has been analysed. Shared childcare and running the household as a unit influences the labour supply of the family members.

Suggested Citation

  • Dagmar Brožová, 2008. "Theory of Individual Labour Supply Decisions. Selected Applications and Extensions of the Basic Model [Teorie rozhodování o individuální nabídce práce. Vybrané aplikace a rozšíření základního model," Acta Oeconomica Pragensia, Prague University of Economics and Business, vol. 2008(4), pages 56-69.
    • Handle: RePEc:prg:jnlaop:v:2008:y:2008:i:4:id:132:p:56-69
    DOI: 10.18267/j.aop.132
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    More about this item

    Keywords

    disutility of labour; indifference analysis; reservation wage; household decisions;
    All these keywords.

    JEL classification:

    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply

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