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Consider a infinitely-lived consumer/worker who begins life with zero assets/ debts (do = 0), makes a consumption-savings decision in each period, and divides their time

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Consider a infinitely-lived consumer/worker who begins life with zero assets/ debts (do = 0), makes a consumption-savings decision in each period, and divides their time between market work n, and leisure It. Assume the consumer is endowed with one-unit of time in each period of their live. The consumer discounts future utility at rate 8

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