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U.S. labor supply 1 minimum wage 1 subsistence theory 1 subsistence wage 1
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Subsistence Theory in the U.S. Context: A Cross-Sectional Labor Supply Estimate
Bendewald, Jennifer - 2008
Subsistence theory predicts the distress sale of labor at very low wages, such that the income effect dominates not … shape. However, little attention is given to the slope changes themselves, which are of prime importance in subsistence … theory. This paper uses a unique method of pinpointing endogenous slope changes in the estimated labor supply response …
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