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- Backward_bending_supply_curve_of_labour abstract "In economics, a backward-bending supply curve of labour or backward-bending labour supply curve is a graphical device showing a situation in which, as "real" or inflation-corrected wages increase beyond a certain level, people will substitute leisure (non-paid time) for paid work-time and thus higher wages lead to less labor-time being offered for sale.The "labor-leisure" tradeoff is the tradeoff faced by wage-earning human beings between the amount of time spent engaged in wage-paying work (assumed to be unpleasant) and satisfaction-generating non-paid time that allows (1) participation in "leisure" activities and (2) use of time to do necessary self-maintenance, such as sleep. The key to this tradeoff is a comparison between the wage received from each hour of working and the amount of satisfaction generated by use of non-paid time. Such a comparison generally means that a higher wage entices people to spend more time working for pay; this "substitution effect" implies a positively sloped labor supply curve. However, the backward-bending labor supply curve results when an even higher wage actually entices people to work less and to "consume" more leisure or non-paid time.".
- Backward_bending_supply_curve_of_labour thumbnail Labour_supply.svg?width=300.
- Backward_bending_supply_curve_of_labour wikiPageID "2119223".
- Backward_bending_supply_curve_of_labour wikiPageRevisionID "550217247".
- Backward_bending_supply_curve_of_labour hasPhotoCollection Backward_bending_supply_curve_of_labour.
- Backward_bending_supply_curve_of_labour subject Category:Labor.
- Backward_bending_supply_curve_of_labour comment "In economics, a backward-bending supply curve of labour or backward-bending labour supply curve is a graphical device showing a situation in which, as "real" or inflation-corrected wages increase beyond a certain level, people will substitute leisure (non-paid time) for paid work-time and thus higher wages lead to less labor-time being offered for sale.The "labor-leisure" tradeoff is the tradeoff faced by wage-earning human beings between the amount of time spent engaged in wage-paying work (assumed to be unpleasant) and satisfaction-generating non-paid time that allows (1) participation in "leisure" activities and (2) use of time to do necessary self-maintenance, such as sleep. ".
- Backward_bending_supply_curve_of_labour label "Backward bending supply curve of labour".
- Backward_bending_supply_curve_of_labour label "Malejąca krzywa motywacji do pracy".
- Backward_bending_supply_curve_of_labour sameAs Malejąca_krzywa_motywacji_do_pracy.
- Backward_bending_supply_curve_of_labour sameAs m.06ngq3.
- Backward_bending_supply_curve_of_labour sameAs Q4839815.
- Backward_bending_supply_curve_of_labour sameAs Q4839815.
- Backward_bending_supply_curve_of_labour wasDerivedFrom Backward_bending_supply_curve_of_labour?oldid=550217247.
- Backward_bending_supply_curve_of_labour depiction Labour_supply.svg.
- Backward_bending_supply_curve_of_labour isPrimaryTopicOf Backward_bending_supply_curve_of_labour.
