Perspective of utility and income influence of leisure preference
Lei Liang-hai
Abstract
Lei Liang-hai
Abstract
The paper points out that the utility of labor′s leisure should be considered,when the leisure is looked as a special kind of commodity.The notion of leisure surplus is brought forward and the influences of leisure surplus as well as labor leisure preference are analysed.The effect of leisure preference on income inequality is examined.It is of practically significance to guide leisure preference according to different levels for shortening income inequality and releaving labor supply over demand.
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The paper points out that the utility of labor′s leisure should be considered,when the leisure is looked as a special kind of commodity.The notion of leisure surplus is brought forward and the influences of leisure surplus as well as labor leisure preference are analysed.The effect of leisure preference on income inequality is examined.It is of practically significance to guide leisure preference according to different levels for shortening income inequality and releaving labor supply over demand.
Key concepts: Preference, Economics, Commodity, Inequality, Perspective (graphical), Revealed preference, Labour economics, Leisure time