How does labour supply respond to changes in wages and taxation? In his Sargan lecture to the Royal Economic Society, which is now published in the May 2016 issue of the Economic Journal, Professor Michael Keane discusses the role of human capital and the extensive margin, including labour market participation and retirement.
His findings are summarised in this short film interview:
A film of the full Sargan lecture is available here:
”Life-cycle Labour Supply with Human Capital: Econometric and Behavioural Implications” and ”Labour Supply: the Roles of Human Capital and the Extensive Margin”, two studies by Michael Keane are published in the May 2016 issue of the Economic Journal. Michael Keane is Nuffield Professor of Economics at the University of Oxford and a Professorial Fellow of Nuffield College.