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QUESTION
Derive the effect of an increase in the husband's wage on the wife's labour supply in the household producer model. Explain all the effects.
- Derive the effect of an increase in the husband's wage on the wife's labour supply in the household producer model. Explain all the effects.
- What is the effect on L = ÈNTw of a tax on non-labour earnings, V? Explain using the labour/leisure model.
