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Question 7 3 pts Consider the traditional Roy Model setup that we learned in class. For a refresher, we have T = teachers and O

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Question 7 3 pts Consider the traditional Roy Model setup that we learned in class. For a refresher, we have T = teachers and O = otherjobs. The wage for teachers is wT = aT + bT * S, and the wage for other jobs is we = a0 + be * S. Skill of all workers is collapsed into a single variable 5. Assume that initially, aT > a0 and bT

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