Abstract
Individual behavior in the labor market is quite complex. The complexity derives from the wide range of choices open to individuals, caused by the division of labor that has been accomplished in our economic organization. Were labor a perfectly homogeneous good, the range would be narrowed to choosing the amount of work per unit of time, which could be analyzed simply as choosing the hours of work. Intertemporal allocation of work might be the only complexity added to this simple framework.
It is necessary to have both intelligence and energy to excel in any profession. A man of great intelligence, but at the same time extremely lazy is unlikely to accomplish anything worthwhile, and the same is true of the man of great energy but of low intelligence.
—C.H. Boissevain, quoted in H. Lydall (1968)
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© 1981 Martinus Nijhoff Publishing
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Hartog, J. (1981). Individual Labor Supply. In: Personal Income Distribution. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-8760-9_2
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DOI: https://doi.org/10.1007/978-94-009-8760-9_2
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-009-8762-3
Online ISBN: 978-94-009-8760-9
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