The price of time and labour supply: from the Black Death to the Industrious Revolution
In pre-industrial economies labour supply curves often bend backwards at very low levels of income. This changed prior to the industrial revolution: total working hours increased (De Vries (1993), Voth (1998, 2000)). This paper examines this industrious revolution using a model of labour supply wh...
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| Format: | Working paper |
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University of Oxford
2009
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