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The Trade off between Working and Leisure, and the Effects of Resource Scarcity and Population Size on the Division of Labor

In: Inframarginal Economics

Author

Listed:
  • Xiaokai Yang

    (University of New South Wales, Australia)

  • Wai-Man Liu

    (University of New South Wales, Australia)

Abstract

The following sections are included:Why Can Division of Labor Enlarge the Scope for the Efficient Trade off Between Working and Leisure?Why Can Leisure Time and Per Capita Consumption of Each Good Increase as Division of Labor Develops?Why Can a Crisis of Resource Shortage Promote Evolution in Division of Labor and Productivity?Implications of High Population Density for Evolution in Division of Labor through Its Effect on the Per Capita Expenditure on InfrastructureFurther ReadingExercises

Suggested Citation

  • Xiaokai Yang & Wai-Man Liu, 2008. "The Trade off between Working and Leisure, and the Effects of Resource Scarcity and Population Size on the Division of Labor," World Scientific Book Chapters, in: Inframarginal Economics, chapter 13, pages 391-410, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812837929_0013
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    More about this item

    Keywords

    Inframarginal Economics; Inframarginal Analysis; Division of Labor; Specialization; Network Effects; Smithian Framework; Transaction Costs;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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