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Labour Supply and Social Welfare When Utility Depends on a Threshold Consumption Level

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  • Creedy, John

Abstract

This paper examines labor supply and social welfare, following G. W. Lewis and D. T. Ulph (1988), in a model in which individuals gain a utility premium if they raise their net income up to or above a threshold level. It may, thus, be worthwhile for some individuals to avoid poverty by supplying a higher amount of labor than in the standard model. Over a range of wage rates, labor supply falls as the wage increases. In this framework, poverty is integral to a social welfare function because it matters to individuals. A special case leads to the use of the headcount poverty measure in an abbreviated social welfare function. Copyright 1997 by The Economic Society of Australia.

Suggested Citation

  • Creedy, John, 1997. "Labour Supply and Social Welfare When Utility Depends on a Threshold Consumption Level," The Economic Record, The Economic Society of Australia, vol. 73(221), pages 159-168, June.
  • Handle: RePEc:bla:ecorec:v:73:y:1997:i:221:p:159-68
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    Cited by:

    1. John Creedy & Catherine Sleeman, 2004. "Adult Equivalence Scales, Inequality and Poverty in New Zealand," Treasury Working Paper Series 04/21, New Zealand Treasury.
    2. Barnett, Richard & Bhattacharya, Joydeep & Bunzel, Helle, 2016. "Do the Joneses make you financially vulnerable?," School of Economics Working Paper Series 2016-11, LeBow College of Business, Drexel University.

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