THE SCARCITY OF LABOR MARKETS AND ELDERLY SUPPLY Tinna Laufey Ásgeirsdóttir, Ph.D. Department of...

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THE SCARCITY OF LABOR MARKETS AND ELDERLY SUPPLY Tinna Laufey Ásgeirsdóttir, Ph.D. Department of economics, University of Iceland

Transcript of THE SCARCITY OF LABOR MARKETS AND ELDERLY SUPPLY Tinna Laufey Ásgeirsdóttir, Ph.D. Department of...

Page 1: THE SCARCITY OF LABOR MARKETS AND ELDERLY SUPPLY Tinna Laufey Ásgeirsdóttir, Ph.D. Department of economics, University of Iceland.

THE SCARCITY OF LABOR MARKETS AND ELDERLY SUPPLY

Tinna Laufey Ásgeirsdóttir, Ph.D.Department of economics, University of Iceland

Page 2: THE SCARCITY OF LABOR MARKETS AND ELDERLY SUPPLY Tinna Laufey Ásgeirsdóttir, Ph.D. Department of economics, University of Iceland.

Scarcity

• Economics is sometimes called the study of scarcity

• The underlying problem of all or work

• Scarcity in the context of elderly labor supply– Fallacy of labor scarcity– Lump of labor fallacy– Zero-sum fallacy

Page 3: THE SCARCITY OF LABOR MARKETS AND ELDERLY SUPPLY Tinna Laufey Ásgeirsdóttir, Ph.D. Department of economics, University of Iceland.

Life-cycle income and expenditures

Expenditures

Page 4: THE SCARCITY OF LABOR MARKETS AND ELDERLY SUPPLY Tinna Laufey Ásgeirsdóttir, Ph.D. Department of economics, University of Iceland.

Life-cycle income and expenditures

Expenditures

Page 5: THE SCARCITY OF LABOR MARKETS AND ELDERLY SUPPLY Tinna Laufey Ásgeirsdóttir, Ph.D. Department of economics, University of Iceland.

Life-cycle income and expenditures

Expenditures

Page 6: THE SCARCITY OF LABOR MARKETS AND ELDERLY SUPPLY Tinna Laufey Ásgeirsdóttir, Ph.D. Department of economics, University of Iceland.

Life-cycle income and expenditures

Expenditures

Page 7: THE SCARCITY OF LABOR MARKETS AND ELDERLY SUPPLY Tinna Laufey Ásgeirsdóttir, Ph.D. Department of economics, University of Iceland.

Life-cycle income and expenditures

Expenditures

Page 8: THE SCARCITY OF LABOR MARKETS AND ELDERLY SUPPLY Tinna Laufey Ásgeirsdóttir, Ph.D. Department of economics, University of Iceland.

Life-cycle income and expenditures

Expenditures

Page 9: THE SCARCITY OF LABOR MARKETS AND ELDERLY SUPPLY Tinna Laufey Ásgeirsdóttir, Ph.D. Department of economics, University of Iceland.

What is scarce in this situation?

Page 10: THE SCARCITY OF LABOR MARKETS AND ELDERLY SUPPLY Tinna Laufey Ásgeirsdóttir, Ph.D. Department of economics, University of Iceland.

Thank you


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