This was interpreted as: More household members entered the labour market to compensate for income losses (LSSCT) *
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This was interpreted as: More household members entered the labour market to compensate for income losses (LSSCT)*
This: implies that: Labour supply is counter-cyclical, that is it grows during stagnation and shrinks during economic growth (Escobar, 1996:549).
Labour Survival Strategies Current of Thought
LFPR is not normally standardised in order to compare it over time.
Standardised LFPR shows different trends than non-standardised LFPR.
Third Evidence (continued). And while the income poverty gap increased considerably between 1984 and 1989, the time poverty gap remained stagnant.