IDEAS home Printed from https://ideas.repec.org/p/isu/genstf/197601010800001045.html
   My bibliography  Save this paper

A Neglected Ricardian Aspect Of Labor Supply

Author

Listed:
  • Adams, James D.

Abstract

Consider a labor market, or closely related set of such markets, in which a labor service is sold to buyers with differing characteristics, who combine it with other inputs to manufacture consumer's or producer's goods. We assume (and it is a crucial assumption) the service to be tied to, or embodied in, the buyers. We refer.to the service as an embodied labor service, to Indicate the Impossibility of resale. The question arises, how do suppliers distribute themselves among buyers? What factors determine trading with a larger number of demanders more extensively, as opposed to a smaller number more intensively? The problem bears a resemblance to Rlcardo's famous analysis of the cultivation of land, here, an individual buyer represents the Intensive margin, and the number of buyers a supplier deals with, the extensive margin, but the analogous issue remains, whether to trade more intensively or more extensively.

Suggested Citation

  • Adams, James D., 1976. "A Neglected Ricardian Aspect Of Labor Supply," ISU General Staff Papers 197601010800001045, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genstf:197601010800001045
    as

    Download full text from publisher

    File URL: https://dr.lib.iastate.edu/server/api/core/bitstreams/c056a060-9e49-47bb-8ce0-0cb529f56ab5/content
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Jacob A. Mincer, 1974. "Schooling, Experience, and Earnings," NBER Books, National Bureau of Economic Research, Inc, number minc74-1, May.
    2. Michael Grossman, 1972. "The Demand for Health: A Theoretical and Empirical Investigation," NBER Books, National Bureau of Economic Research, Inc, number gros72-1, May.
    3. H. S. Houthakker, 1952. "Compensated Changes in Quantities and Qualities Consumed," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 19(3), pages 155-164.
    4. Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
    5. William M. Landes, 1974. "The Bail System: An Economic Approach," NBER Chapters, in: Essays in the Economics of Crime and Punishment, pages 135-163, National Bureau of Economic Research, Inc.
    6. Victor R. Fuchs, 1972. "Essays in the Economics of Health and Medical Care," NBER Books, National Bureau of Economic Research, Inc, number fuch72-1, May.
    7. Jacob A. Mincer, 1974. "Schooling and Earnings," NBER Chapters, in: Schooling, Experience, and Earnings, pages 41-63, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Dench, Daniel & Grossman, Michael, 2018. "Health and the Wage Rate: Cause, Effect, Both, or Neither? New Evidence on an Old Question," IZA Discussion Papers 11943, Institute of Labor Economics (IZA).
    2. Daniel Dench & Michael Grossman, 2018. "Health and the Wage: Cause, Effect, Both, or Neither? New Evidence on an Old Question," NBER Working Papers 25264, National Bureau of Economic Research, Inc.
    3. Galama, Titus & Kapteyn, Arie, 2011. "Grossman’s missing health threshold," Journal of Health Economics, Elsevier, vol. 30(5), pages 1044-1056.
    4. James J. Heckman, 2019. "The Race Between Demand and Supply: Tinbergen’s Pioneering Studies of Earnings Inequality," De Economist, Springer, vol. 167(3), pages 243-258, September.
    5. James J. Heckman, 2015. "Introduction to A Theory of the Allocation of Time by Gary Becker," Economic Journal, Royal Economic Society, vol. 0(583), pages 403-409, March.
    6. Thomas Lemieux, 2014. "Occupations, fields of study and returns to education," Canadian Journal of Economics, Canadian Economics Association, vol. 47(4), pages 1047-1077, November.
    7. Colm Harmon & Claire Finn & Arnaud Chevalier & Tarja Viitanen, 2006. "The economics of early childhood care and education : technical research paper for the National Economic and Social Forum," Open Access publications 10197/671, School of Economics, University College Dublin.
    8. Víctor Iturra & Dusan Paredes, 2014. "Construction of a Spatial Housing Price Index by Estimating an Almost Ideal Demand System," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 105(3), pages 301-314, July.
    9. Christiansen, Charlotte & Nielsen, Helena Skyt, 2002. "The Educational Asset Market: A Finance Perspective on Human Capital Investment," Working Papers 02-10, University of Aarhus, Aarhus School of Business, Department of Economics.
    10. Josef Christl, 1986. "Werden unangenehme Arbeitsbedingungen durch höhere Löhne ausgeglichen?," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 12(1), pages 33-42.
    11. Juan A. Cañada Vicinay, 1997. "Les équations hédoniques de salaire et la perception subjective des conditions de travail," Économie et Prévision, Programme National Persée, vol. 131(5), pages 155-174.
    12. Bruce E. Kaufman, 2010. "Chicago and the Development of Twentieth-Century Labor Economics," Chapters, in: Ross B. Emmett (ed.), The Elgar Companion to the Chicago School of Economics, chapter 9, Edward Elgar Publishing.
    13. Gonzalez, Oscar & Maggi, Rico, 2002. "Segmentation by skills and wage discrimination in a trans-border labor market," ERSA conference papers ersa02p445, European Regional Science Association.
    14. Ana Paula Martins, 2018. "Concentration and Other Wage Determinants," Journal of Economics and Econometrics, Economics and Econometrics Society, vol. 61(3), pages 75-109.
    15. Peter Kugler, 1988. "Lohndiskriminierung in der Schweiz: Evidenz von Mikrodaten," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 124(I), pages 23-47, March.
    16. Yakovlev, Pavel & Leguizamon, Susane, 2012. "Ignorance is not bliss: On the role of education in subjective well-being," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 41(6), pages 806-815.
    17. Huffman, Wallace & Orazem, Peter, 2004. "The Role of Agriculture and Human Capital in Economic Growth: Farmers, Schooling, and Health," ISU General Staff Papers 200408190700001239, Iowa State University, Department of Economics.
    18. Titus J. Galama & Hans van Kippersluis, 2015. "A Theory of Education and Health," CINCH Working Paper Series 1503, Universitaet Duisburg-Essen, Competent in Competition and Health, revised Mar 2015.
    19. Polachek, Solomon W., 2008. "Earnings Over the Life Cycle: The Mincer Earnings Function and Its Applications," Foundations and Trends(R) in Microeconomics, now publishers, vol. 4(3), pages 165-272, April.
    20. Steve Gibbons, 2001. "Paying for good neighbours? Neighbourhood deprivation and the communiy benefits of education," CEE Discussion Papers 0017, Centre for the Economics of Education, LSE.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:isu:genstf:197601010800001045. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Curtis Balmer (email available below). General contact details of provider: https://edirc.repec.org/data/deiasus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.