Journal of Yaşar University

Yazarlar: Mehmet ŞENGÜR

Konular:-

Anahtar Kelimeler:Backward Bending Supply of Labor,Wage,Income.,Substitution Effect,Income Effect.

Özet: Labor is one of the basic production factors essential for the production of goods and services. The supply of labor is usually dependent on households or individuals. It is a known fact that labor supply will increase if wages increase. However it is argued that this generally accepted assumption is not always valid. With the effect of a number of factors, it is seen that individuals or labor supply holders prefer leisure  time to work. This situation is explained by backward bending supply of labor despite increasing income. This study examines the situation of labor supply versus rising wages for Turkey. In Turkey, up to a certain point it can be seen that labor holders increase labor supplies in the face of rising wages. However, with increasing wages over time, individuals prefer leisure time for reasons such as spending time for themselves, their families or social life. Household survey data analysis reveals that supply curve of labor has a backward bending trend for Turkey.

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