Koyama, Mark - In: Journal of Economic Behavior & Organization 81 (2012) 2, pp. 505-523
In pre-industrial economies labor supply curves bent backwards at very low levels of income. This changed in England before the industrial revolution (de Vries, 1994, 2008; Voth, 1998). Using a model of labor supply where consumption takes time, this paper shows that both an increase in the cost of...