Lecture 8
Labor Supply I
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Roadmap
• General Trends in Labor Supply
General Trends in Labor Supply.
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The Labor vs. Leisure Choice.
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Example Problem.
General Trends Since 1950
• Rise in female labor supply
Rise in female labor supply.
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Decline in male labor supply – particularly
for older men and young men
for older men and young men.
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Such changes are not specific to the US.
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Female Labor Supply