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Consider one of the individual-level explanations from Rank's chapter. Suppose that the person in your model was not subject to the conditions from that explanation
Consider one of the individual-level explanations from Rank's chapter. Suppose that the person in your model was not subject to the conditions from that explanation when you first graphed their outcomes but is subject to the conditions now. How would these new conditions change either the person's opportunity set OR valuations? Make those changes in your graph, and graph the new resulting earnings and non-market time outcomes. Did earnings increase or decrease? Is this consistent with Rank's explanation
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