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Most of the models depicting labor supply assume all income comes from hours lost in leisure. Consider the case of a community in Northern Pennsylvania
Most of the models depicting labor supply assume all income comes from hours lost in leisure. Consider the case of a community in Northern Pennsylvania that has been found to contain enormous amounts of fuel beneath the land when the fracking process is used. Each family gets substantial checks each month from oil companies that want drilling rights on the land. What does this do to the labor-leisure tradeoff line and what effect might this have on the labor supply in the community
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