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Individual Supply of Labour

In: The Theory of Wages

Author

Listed:
  • J. R. Hicks

    (University of Oxford)

Abstract

When an employer hires a workman, he buys work. The wage he is prepared to pay—the price he is prepared to give—depends on the amount of work—the amount of the commodity bought—he expects to receive in return. Other things being equal, a more efficient workman offers more “work” than a less efficient; and he receives higher wages in consequence. In our earlier discussions, we have assumed these other things to be equal, so that the amount of work offered by each man is something fixed, depending on the nature of that man, but not on the conditions on which he is employed. It is now time to drop this convenient simplification. The amount of work a man does is partly a matter of choice, and the amount he chooses to do depends on what he gets for it; if he works under superintendence, the conditions of this superintendence also affect the amount of work he does; and further, his ability to work may be affected by the wages he has been in the habit of receiving in the past.

Suggested Citation

  • J. R. Hicks, 1963. "Individual Supply of Labour," Palgrave Macmillan Books, in: The Theory of Wages, chapter 0, pages 89-111, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-00189-7_5
    DOI: 10.1007/978-1-349-00189-7_5
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