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- Indivisibility_of_labor abstract "In macroeconomics, indivisibility of labor is the idea that labor cannot be used in continuous units but must be purchased from workers in blocks of time, such as eight hours a day or forty hours a week. This model can result in differences in the number of hours worked even though the workers are assumed to be identical: some workers may be unemployed while others are fully employed or even overemployed.The opposite presumption would be that that labor may be purchased in continuous units, that workers are identical, and workers' utility functions as concave in leisure and income. Under this model, an optimal outcome is for all workers to work some of the time: all workers are at least partially employed and none are unemployed.Labor is sold in blocks rather than in continuous units because there are fixed costs to the employer attributable to each employee and fixed costs to the employee attributable to each employer.The concept of labor as indivisible has been introduced by Gary Hansen, who describes wages as \"lumpy\" in an attempt to supplement real business cycle theory. Because costs occur in lumps, there is unemployment. It has since then been used in variety of economic theories, especially in real business cycle theory.".
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- Indivisibility_of_labor wikiPageRevisionID "678395118".
- Indivisibility_of_labor wikiPageWikiLink Category:Economic_theories.
- Indivisibility_of_labor wikiPageWikiLink Category:Labor.
- Indivisibility_of_labor wikiPageWikiLink Cost.
- Indivisibility_of_labor wikiPageWikiLink Fixed_cost.
- Indivisibility_of_labor wikiPageWikiLink Gary_Hansen.
- Indivisibility_of_labor wikiPageWikiLink Labour_economics.
- Indivisibility_of_labor wikiPageWikiLink Lump_of_labour_fallacy.
- Indivisibility_of_labor wikiPageWikiLink Macroeconomics.
- Indivisibility_of_labor wikiPageWikiLink Real_business-cycle_theory.
- Indivisibility_of_labor wikiPageWikiLink Technological_unemployment.
- Indivisibility_of_labor wikiPageWikiLink Unemployment.
- Indivisibility_of_labor wikiPageWikiLink Utility.
- Indivisibility_of_labor wikiPageWikiLink Wage.
- Indivisibility_of_labor wikiPageWikiLinkText "Indivisibility of labor".
- Indivisibility_of_labor wikiPageUsesTemplate Template:Econ-stub.
- Indivisibility_of_labor wikiPageUsesTemplate Template:Reflist.
- Indivisibility_of_labor subject Category:Economic_theories.
- Indivisibility_of_labor subject Category:Labor.
- Indivisibility_of_labor hypernym Idea.
- Indivisibility_of_labor type Ideology.
- Indivisibility_of_labor type Organisation.
- Indivisibility_of_labor type Ideology.
- Indivisibility_of_labor type Redirect.
- Indivisibility_of_labor type Relation.
- Indivisibility_of_labor type Theory.
- Indivisibility_of_labor comment "In macroeconomics, indivisibility of labor is the idea that labor cannot be used in continuous units but must be purchased from workers in blocks of time, such as eight hours a day or forty hours a week.".
- Indivisibility_of_labor label "Indivisibility of labor".
- Indivisibility_of_labor sameAs Q17100590.
- Indivisibility_of_labor sameAs m.0gs6py.
- Indivisibility_of_labor sameAs Q17100590.
- Indivisibility_of_labor wasDerivedFrom Indivisibility_of_labor?oldid=678395118.
- Indivisibility_of_labor isPrimaryTopicOf Indivisibility_of_labor.