What is the effect of an increase in the price of market goods on a worker's reservation

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What is the effect of an increase in the price of market goods on a worker's reservation wage, probability of entering the labor force, and hours of work?

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Labor Economics

ISBN: 978-0073523200

6th edition

Authors: George J. Borjas

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Question Posted: Mar 29, 2016 07:20 AM

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What is the effect of an increase in the price of market goods on a worker's reservation

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Suppose the price of market goods increases from p to p and the persons nonlabor income is V If she ...View the full answer

Labor Economics

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