Cover: A Contribution to Mathematical Labor Theory.

A Contribution to Mathematical Labor Theory.

Published 1972

by Robert Shishko

Purchase Print Copy

 Format Price
Add to Cart Paperback11 pages $20.00

A theoretical question which recently arose in Rand's manpower research concerns how an individual's reservation wage for a second job changes as his first job wage rate changes but his first job hours are contractually fixed. The answer depends on how the MRS of the utility function changes along the vertical L=L sub zero, where L is leisure. A sufficient condition for the MRS to increase along this vertical is given by an expression involving the partials of the utility function which can easily be written as a determinant. The sign of this determinant is unaffected by any order-preserving transformation of the utility function. 11 pp. (Author)

This report is part of the RAND paper series. The paper was a product of RAND from 1948 to 2003 that captured speeches, memorials, and derivative research, usually prepared on authors' own time and meant to be the scholarly or scientific contribution of individual authors to their professional fields. Papers were less formal than reports and did not require rigorous peer review.

This document and trademark(s) contained herein are protected by law. This representation of RAND intellectual property is provided for noncommercial use only. Unauthorized posting of this publication online is prohibited; linking directly to this product page is encouraged. Permission is required from RAND to reproduce, or reuse in another form, any of its research documents for commercial purposes. For information on reprint and reuse permissions, please visit

RAND is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.