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On the Genesis of the Canonical Labor Supply Model

Published online by Cambridge University Press:  11 June 2009

Laurent Derobert
Laurent Derobert
Affiliation:
Université d'Aix-Marseille, Faculté d'Economie Appliquée; and GREQAM, 15–19 allée Claude Forbin, 13627 Aix-en-Provence, France.
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Extract

The individual's labor supply model, usually called leisure-income, is very well known in labor economics. It determines the time a person spends on the labor market by studying it as the outcome of a trade-off between leisure and income. The model is developed in almost every book on microeconomics. But strangely enough, although all economists know the model, no one seems to know precisely its origins.

Type
Research Article
Information
Journal of the History of Economic Thought , Volume 23 , Issue 2 , June 2001 , pp. 197 - 215
Copyright
Copyright © The History of Economics Society 2001

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