Farzin, Y. Hossein; Akao, Ken-Ichi - Fondazione ENI Enrico Mattei (FEEM) - 2006
into standard labor supply theory, (i) the wage rate under-estimates (over-estimates) the true value of nonwork … incentives, (iii) at very low wage rates, work can become a net source of utility, and (iii) the shape of labor supply curve … individual labor supply, and examine the effects of non-wage income on labor supply both for paid and voluntary work. …