Breaking the Neoclassical Mold: behavioral economics insights into labor supply

The global labor market has experienced significant transformations due to technological advancements, globalization, and evolving socio-economic dynamics.Despite predictions from neoclassical economics, anomalies such as wage rigidity, involuntary unemployment, and underemployment persist.This article aims to critically analyze the neoclassical model's assumptions of rationality, perfect information,

Authors

Publication Details

Journal
Análisis Económico
Published
2024-09-02
DOI
https://doi.org/10.24275/uam/azc/dcsh/ae/2024v39n102/ramos
Primary Topic
Economic Theory and Institutions
Type
article
Field-Weighted Citation Impact
0.00
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article

Breaking the Neoclassical Mold: behavioral economics insights into labor supply

Fernando Antonio Ramos Zaga
Análisis Económico
Economic Theory and Institutions
article

Breaking the Neoclassical Mold: behavioral economics insights into labor supply

Fernando Antonio Ramos Zaga
article en

Abstract

The global labor market has experienced significant transformations due to technological advancements, globalization, and evolving socio-economic dynamics.Despite predictions from neoclassical economics, anomalies such as wage rigidity, involuntary unemployment, and underemployment persist.This article aims to critically analyze the neoclassical model's assumptions of rationality, perfect information,

Análisis EconómicoVol. 39(102)
Decent work and economic growth
Openalex Percentile: Top 78%
Economic Theory and Institutions
DOIOpen Access PDFOpenAlex
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Breaking the Neoclassical Mold: behavioral economics insights into labor supply — Fernando Antonio Ramos Zaga · Análisis Económico (2024) | TGRS Research Map | TGRS