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Labor Supply: Household Production, the Family, and the Life Cycle

Labor Supply: Household Production, the Family, and the Life Cycle

7. Labor Supply: Household Production, the Family, and the Life Cycle. Chapter Outline. A Labor Supply Model That Incorporates Household Production The Basic Model for an Individual: Similarities with the Labor-Leisure Model The Basic Model for an Individual: Some New Implications

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762 views • 40 slides
Labor Supply: Household Production, the Family, and the Life Cycle

Labor Supply: Household Production, the Family, and the Life Cycle

7. Labor Supply: Household Production, the Family, and the Life Cycle. Chapter Outline. A Labor Supply Model That Incorporates Household Production The Basic Model for an Individual: Similarities with the Labor-Leisure Model The Basic Model for an Individual: Some New Implications

★ ★ ★ ★ ★

402 views • 40 slides
Labor Supply: Household Production, the Family, and the Life Cycle

Labor Supply: Household Production, the Family, and the Life Cycle

7. Labor Supply: Household Production, the Family, and the Life Cycle. Chapter Outline. A Labor Supply Model That Incorporates Household Production The Basic Model for an Individual: Similarities with the Labor-Leisure Model The Basic Model for an Individual: Some New Implications

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405 views • 40 slides
Household Production and Life-Cycle and Labor Supply

Household Production and Life-Cycle and Labor Supply

Household Production and Life-Cycle and Labor Supply. Household Production. As in the study of labor demand, we can alter the variables to explore the impacts of utility maximization and the accompanying income and substitution effects of labor supply.

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538 views • 29 slides

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