Labor Supply is a survey of and critical guide to recent
theoretical and empirical work on labor supply models, both static
and dynamic. The chapters on recent empirical studies and on
dynamic models are of particular interest, because neither topic
has so far been discussed in any detail in standard texts.
Integrated within this survey is an extensive discussion of public
policy issues relating to labor supply, including income transfer
programs, such as welfare and Social Security, and the income tax
system. A concluding chapter discusses secular trends in labor
supply in the U.S. economy, in particular the long-run increase in
female labor force participation.