Frisch elasticity of labor supply

The Frisch elasticity of labor supply captures the price elasticity of supply to the wage rate, given a constant marginal utility of wealth. Marginal utility is constant for risk-neutral individuals according to microeconomics.

Source: Wikipedia — Frisch elasticity of labor supply (CC BY-SA 4.0)

Frisch elasticity of labor supply

The Frisch elasticity of labor supply captures the price elasticity of supply to the wage rate, given a constant marginal utility of wealth. Marginal utility is constant for risk-neutral individuals according to microeconomics.

Source: Wikipedia "Frisch elasticity of labor supply" · CC BY-SA 4.0

Share this article: X · Bluesky
Privacy Policy