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An economist wants to estimate the impact of non-labor income on labor supply. She decides that family inheritance is a significant source of non-labor
An economist wants to estimate the impact of non-labor income on labor supply. She decides that family inheritance is a significant source of non-labor income to individuals. The economist decides to compare the hours worked of individuals that received large amount of inheritance compared to individuals that received none. Discuss the internal validity of the instrument used by the economist.
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Macroeconomics Principles Applications And Tools
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
7th Edition
978-0134089034, 9780134062754, 134089030, 134062752, 978-0132555234
