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Unformatted text preview: form does the EITC take (I do not need speci f c numbers)? What are the predictions of the model of labor supply as to the e f ect of EITC on hours of work? Suppose the government proposed an increase in the maximum credit receivable. How would the proposed change to EITC a f ect the labor supply of an individual who would receive the maximum credit before and after the change. Explain. (3) Describe a model which can be used to address the amount of time spent by married couples working in the market and working at home. Sup-pose the husband has the relatively greater ability to bring home market goods. What outcomes are possible as to their chosen patterns of work? How does this change if the wife has the greater ability to bring home mar-ket goods? 1...
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This note was uploaded on 04/16/2008 for the course AECO 370 taught by Professor Masters during the Spring '08 term at SUNY Albany.
- Spring '08