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labor supply

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See: personnel


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In addition to its surprising size, Montana's available labor supply is diversified across a wide spectrum of occupations.
As pointed out by Correia, Neves, and Rebelo (1995), the ability of this class of models to mimic key international indicators of a small open economy depends crucially on adopting the period utility function, postulated by Greenwood, Hercowitz, and Huffman (GHH) (1988), whereby there is no income effect associated with the household's labor supply decision and the representative household's intertemporal elasticity of substitution in hours worked (or leisure) is zero.
The Elasticity of Labor Supply If differences in labor taxes are an important component of the explanation for the large differences in hours of work across countries, then it is implicitly the case that individual labor supply is responding quite significantly to changes in tax rates.
 
 
 
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