benjamin5_PPT_04

benjamin5_PPT_04 - Chapter Four Labour Supply: the...

Info iconThis preview shows pages 1–6. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 4-1 Labour Supply: the Life-cycle Model and the Leisure- Choice Model with Home Production Chapter Four Modified from the slides created by: Erica Morrill
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Chapter 4-2 Chapter Focus Labour supply patterns Labour supply over the lifetime Fertility and women’s labour supply decisions Retirement Leisure-Choice with Home Production
Background image of page 2
Chapter 4-3 Figure 4.1 Labour Force Participation Profiles Men participation increases in twenties peak at 30-50 declining at retirement age participation of older men has declined since 1971
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Chapter 4-4 Figure 4.1 Labour Force Participation Rates Women data more complicated to interpret society/economic factors influence women’s participation rates generally shaped like men’s participation slower entry into labour market has been rising since 1971(as seen in the diagram)
Background image of page 4
Chapter 4-5 Life Cycle Models A model based on the assumption that individuals plan out their lifetime supply of labour given their expected economic environment (specifically wages and other income)
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 6
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 02/05/2011 for the course ECON 3610 taught by Professor Steve during the Fall '11 term at York University.

Page1 / 19

benjamin5_PPT_04 - Chapter Four Labour Supply: the...

This preview shows document pages 1 - 6. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online