Supply of Labor Hours
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A Supply of Labor Hours is a labor market statistic based on the total hours that workers wish to work at a given real wage rate.
- Context:
- It can (often) be a Labor Supply Measure.
- It can be adjusted for Intensity of Effort.
- It can be correlated to a Worker Population Size.
- …
- Counter-Example(s):
- See: Labor Supply Curve.
References
2014
- (Wikipedia, 2014) ⇒ http://en.wikipedia.org/wiki/Labour_supply Retrieved:2014-11-29.
- In mainstream economic theories, the supply of labour is the total hours (adjusted for intensity of effort) that workers wish to work at a given real wage rate. It is frequently represented graphically by a labour supply curve, which shows hypothetical wage rates plotted vertically and the amount of labour that an individual or group of individuals is willing to supply at that wage rate plotted horizontally.