Wage Elasticity of Labor Supply Score
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A Wage Elasticity of Labor Supply Score is a Price Elasticity of Supply Score for a Wage Elasticity of Labor Supply Measure.
References
2012
- http://www.enotes.com/homework-help/what-labor-supply-elasticity-explain-problems-with-320424
- QUOTE: The supply of labor is generally said to be more elastic in lower-skilled jobs that require less training. For more skilled jobs, the supply of labor cannot change very quickly. For example, if the wages of doctors went up, there would be no great change in the number of doctors working because it takes a long time to get the training needed to be a doctor.