Backward-Bending Supply Curve

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Backward-Bending Supply Curve

The graphical representation of the theory that as income increases, work decreases. That is, people take more leisure time as they earn more.
References in periodicals archive ?
Even with the different measure of supply, there is still strong evidence of a backward bending supply curve for the aged care occupations.
3 Explanations for the Finding of a Backward Bending Supply Curve
The finding of a backward bending supply curve (over some wage range) suggests a particular form of workers' utility function.
There is evidence of a backward bending supply curve for all aged care occupations.
Because of the backward bending supply curve we can find another interesting characteristic.