Labor Supply

Labor Supply is a survey of and critical guide to recent theoretical and empirical work on labor supply models, both static and dynamic. The chapters on recent empirical studies and on dynamic models are of particular interest, because neither topic has so far been discussed in any detail in standard texts. Integrated within this survey is an extensive discussion of public policy issues relating to labor supply, including income transfer programs, such as welfare and Social Security, and the income tax system. A concluding chapter discusses secular trends in labor supply in the U.S. economy, in particular the long-run increase in female labor force participation.