Abstract

http://ssrn.com/abstract=225160
 
 

Citations (452)



 


 



A Theory of the Production and Allocation of Effort


Gary S. Becker


University of Chicago - Department of Economics; University of Chicago - Booth School of Business

July 1977

NBER Working Paper No. w0184

Abstract:     
The purpose of this paper is to analyze systematically the production of effort and its allocation among different market and non-market sectors. I believe that this analysis can explain much of the variation in earnings that is not explained by human capital. The first section introduces the material. The next section develops the basic theoretical analysis of the production and allocation of effort by a free person. Section III applies this analysis to the value placed on time a1 located to the non-market sector, the effect of hours worked on fatigue and earnings, life cycle variations-in earnings and hours worked, investment in health, and the effect of marriage on the earnings and health of men and women. Section IV considers worker effort from the view point of firms, and shows how various characteristics of firms determine the wage rates offered and the effort supplied by their workers. Section V analyzes the production and allocation of effort by slaves, and derives "expropriation rates'' and other implications about the treatment of slaves .

Number of Pages in PDF File: 70

working papers series


Download This Paper

Date posted: April 26, 2000  

Suggested Citation

Becker, Gary S., A Theory of the Production and Allocation of Effort (July 1977). NBER Working Paper No. w0184. Available at SSRN: http://ssrn.com/abstract=225160

Contact Information

Gary S. Becker (Contact Author)
University of Chicago - Department of Economics ( email )
1126 East 59th Street
Chicago, IL 60637
United States
University of Chicago - Booth School of Business
5807 S. Woodlawn Avenue
Chicago, IL 60637
United States
Feedback to SSRN


Paper statistics
Abstract Views: 963
Downloads: 45
Citations:  452

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo6 in 0.703 seconds