Demand and Supply of Labor

Demand and supply of labour (JEL J2) cover labour-force participation, hours, and labour demand.

Scope

It includes labour supply and participation, hours and time allocation, and firms' demand for labour.

Sub-topics

• General
• Labor Force and Employment, Size, and Structure
• Time Allocation and Labor Supply
• Labor Demand
• Human Capital • Skills • Occupational Choice • Labor Productivity
• Retirement • Retirement Policies
• Safety • Job Satisfaction • Related Public Policy
• Other

Core questions

• What determines labour supply and participation?
• How do firms decide how much labour to hire?
• How are hours and time allocated?

Key concepts

• Labour supply
• Labour-force participation
• Labour demand
• Hours of work
• Elasticity of labour supply

Frequently asked questions

What determines labour supply?

Wages, non-labour income, preferences over work and leisure, and constraints such as childcare and taxes.