Backward bending supply curve of labour

The labour supply curve shows how the change in real wage rates affects the number of hours worked by employees.

In economics, a backward-bending supply curve of labour, or backward-bending labour supply curve, is a graphical device showing a situation in which as real, or inflation-corrected, wages increase beyond a certain level, people will substitute leisure (non-paid time) for paid worktime and so higher wages lead to a decrease in the labour supply and so less labour-time being offered for sale.

单词	Backward bending labor supply curve
释义	Backward bending labor supply curve 英语百科 Backward bending supply curve of labour In economics, a backward-bending supply curve of labour, or backward-bending labour supply curve, is a graphical device showing a situation in which as real, or inflation-corrected, wages increase beyond a certain level, people will substitute leisure (non-paid time) for paid worktime and so higher wages lead to a decrease in the labour supply and so less labour-time being offered for sale.
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Backward bending labor supply curve

Backward bending supply curve of labour