So far assumed that L(S) and L(D) curves cross at a wage at which the L(S) curve slopes upward. At high wages, income effect may dominate, L(S) curve may bend backward. What if L(S) curve bends backward when it crosses the L(D) curve? Backward Bending Labor Supply Wage Wage L(S) L(D) L

Related searches for Backward Bending Labor Supply

Download Presentation
## PowerPoint Slideshow about 'Backward Bending Labor Supply' - Gabriel

**An Image/Link below is provided (as is) to download presentation**

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.

- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -