Individual Labour Supply Decisions with Respect To Household Production and Over the Life Cycle

The article presents two other applications of the standard neoclassical model of consumption-leisure choice, which forms the individual labour supply. The first one is decision making concerning time allocation with regard to household production; the second one is focused on labour supply over the life cycle. The final part supports the theoretical conclusions of models with selected recent statistical data from the Czech background.time allocation, life cycle labour supply, intertemporal substitution hypothesis, household production