Eckstein, Zvi; Wolpin, Kenneth - C.E.P.R. Discussion Papers - 1998
The Fair Labour Standards Act (FLSA), impose restriction on working hours and the type of jobs held by minors at ages … wages for part-time and full-time employment that depend also on some inherent skill ‘endowment’ and labour market … the labour market (hours worked) and their known (to them) ability and motivation. The labour market (randomly) offers …