Backward-Bending Supply Curve

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.
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References in periodicals archive ?
Interestingly, a backward-bending supply curve was not suggested by any of the guests in Solman's video.
The last-mentioned sub-group commences with a paper by John King on the backward-bending supply curve of labour.
In the T-shirt my midriff was looking somewhat like the backward-bending supply curve of labour.
The backward-bending supply curve creates a technical problem for experimentation.
May 1985 data on preferred hours by earnings suggest some indirect support for the backward-bending supply curve theory.4 As earnings rise to high levels for prime working-age adults, smaller proportions want to increase their workweeks and larger fractions prefer to decrease their hours of work.5 (See table 4.) This finding could reflect a strong income effect--causing workers with the highest earnings to want to reduce their work hours--as occurs on the negatively sloped part of the backward-bending supply curve.