Acta Oeconomica Pragensia 2008, 16(4):56-69 | DOI: 10.18267/j.aop.132

Theory of Individual Labour Supply Decisions. Selected Applications and Extensions of the Basic Model

Dagmar Brožová
Ing. Dagmar Brožová, CSc.; Katedra ekonomie, Národohospodářská fakulta, Vysoká škola ekonomická v Praze, brozova@vse.cz.

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.

Keywords: disutility of labour, indifference analysis, reservation wage, household decisions
JEL classification: D01, J22

Published: August 1, 2008  Show citation

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Brožová, D. (2008). Theory of Individual Labour Supply Decisions. Selected Applications and Extensions of the Basic Model. Acta Oeconomica Pragensia, 16(4), 56-69. doi: 10.18267/j.aop.132
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