The Determinants of Labor Force Participation: An Empirical Analysis
Working Papers
April 1979, No. 79-3
Before the mid-1960's economists generally accepted, with two major exceptions, the neoclassical theory of aggregate labor supply, i.e., the theory that the number or workers supplied to the market varied with wages, population, and work preferences, with work preferences and population treated as exogenous and outside the realm of economics.
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