The added-worker effect can be explained in terms of the income effect, while the discouraged-worker effect is

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“The added-worker effect can be explained in terms of the income effect, while the discouraged-worker effect is based on the substitution effect.” Do you agree?

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Contemporary Labor Economics

ISBN: 978-1259290602

11th Edition

Authors: Campbell R. McConnell, Stanley L. Brue, David Macpherson

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Question Posted: Nov 19, 2018 07:31 AM

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The added-worker effect can be explained in terms of the income effect, while the discouraged-worker effect is

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Yes The addedworker effect is based on a reducti...View the full answer

Contemporary Labor Economics

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