In Part 1 of this series, I outlined some basic economic ... the substitution effect, which encourages work, is strong. One reason for the relative weakness of the income effect is the simple ...
This post examines the relevant economic theory ... leisure for work and the disposable income it brings in. Economists call that the substitution effect of the program. Below the break-even ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback