2. In what specific ways does Beckers model of the allocation of time differ from the simple...
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2. In what specific ways does Becker’s model of the allocation of time differ from the simple work–leisure choice model? Compare the functioning of the income and substitution effects in each of the two models. Do the two effects have the same impact on labor market work in both models?
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Related Book For 
Contemporary Labor Economics
ISBN: 9780073375953
9th Edition
Authors: Campbell McConnell, Stanley Brue, David Macpherson
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