Backward-bending supply curve for labor

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Backward-bending supply curve for labor is the situation when high-wage people can earn so much that they respond to a still-higher wage by working fewer hours.

Definition

According to Principles of Economics by Timothy Taylor (3rd edition),

Backward-bending supply curve for labor. The situation when high-wage people can earn so much that they respond to a still-higher wage by working fewer hours.
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