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- Indivisibility_of_labor abstract "In macroeconomics, indivisibility of labor is that labor cannot be used in continuous units but must be purchased from workers in blocks of time such as eight hours a day or forty hours a week. This model can result in differences in the number of hours worked even though the workers are assumed to be identical: some workers may be unemployed while others are fully employed or even overemployed.The opposite presumption would be that that labor may be purchased in continuous units, that workers are identical, and workers' utility functions as concave in leisure and income. Under this model, an optimal outcome is for all workers to work some of the time: all workers are at least partially employed and none are unemployed.Labor is sold in blocks rather than in continuous units because there are fixed costs to the employer attributable to each employee and fixed costs to the employee attributable to each employer.The concept of labor as indivisible has been introduced by Gary Hansen, a macroeconomist at UCLA, who describes wages as "lumpy" in an attempt to supplement Real business cycle theory. Because costs occur in lumps, there is unemployment. It has since then been used in variety of economic theories, especially in Real business cycle theory.".
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- Indivisibility_of_labor subject Category:Economic_theories.
- Indivisibility_of_labor subject Category:Labor.
- Indivisibility_of_labor type Abstraction100002137.
- Indivisibility_of_labor type Cognition100023271.
- Indivisibility_of_labor type EconomicTheories.
- Indivisibility_of_labor type EconomicTheory105994935.
- Indivisibility_of_labor type Explanation105793000.
- Indivisibility_of_labor type HigherCognitiveProcess105770664.
- Indivisibility_of_labor type Process105701363.
- Indivisibility_of_labor type PsychologicalFeature100023100.
- Indivisibility_of_labor type Theory105989479.
- Indivisibility_of_labor type Thinking105770926.
- Indivisibility_of_labor comment "In macroeconomics, indivisibility of labor is that labor cannot be used in continuous units but must be purchased from workers in blocks of time such as eight hours a day or forty hours a week.".
- Indivisibility_of_labor label "Indivisibility of labor".
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