IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-12761-0_6.html
   My bibliography  Save this book chapter

On the Elasticity of Demand for Income in Terms of Effort

In: Economic Science and Political Economy

Author

Listed:
  • Lionel Robbins

Abstract

1. It is a generally accepted proposition of theoretical economics that the effects of a change in the terms on which incomes from work can be obtained depend upon the elasticity of demand for income in terms of effort.1 If the elasticity of demand for income in terms of effort is greater than unity, then the effects of a tax or a fall in wage rates will be a diminution of work done and the effects of a bounty or a rise in wage rates will be an increase in work done. If it is less than unity, then the opposite movements are to be expected.

Suggested Citation

  • Lionel Robbins, 1997. "On the Elasticity of Demand for Income in Terms of Effort," Palgrave Macmillan Books, in: Susan Howson (ed.), Economic Science and Political Economy, chapter 5, pages 79-84, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-12761-0_6
    DOI: 10.1007/978-1-349-12761-0_6
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-12761-0_6. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.