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Juanjuan works for an hourly wage w, and has full flexibility over the number of hours she works each day H. Her daily income is
Juanjuan works for an hourly wage w, and has full flexibility over the number of hours she works each day H. Her daily income is wH, and she has a daily income target of 120. Her total daily utility is then U(H|w) = v(wH) c(H) where
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Introductory Econometrics A Modern Approach
Authors: Jeffrey M. Wooldridge
4th edition
978-0324581621, 324581629, 324660545, 978-0324660548
