Concepedia

Shadow Prices, Market Wages, and Labor Supply

James J. Heckman

Econometrica · 1974 · 1.9K citations · 0 references

Concepts

Social SciencesBusiness EconomicsEconomicsLabor EconomicsLabor Market AnalysisMicroeconomicsEmploymentLabor Market DynamicsShadow PricingWage DeterminationHourly WagesLabor Market ModelsLabor Supply AnalysisLabour Market EffectsLabour Supply EffectsShadow Wage RatesWage-price Dynamics