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Magical Tome

Placeholder cover for Home production
First published
2006
Publisher
Federal Reserve Bank of Richmond

Home production

The outer archives are busy

by Yongsung Chang

About this book

"Studying the incentives and constraints in the non-market sector--that is, home production--enhances our understanding of economic behavior in the market. In particular, it helps us to understand (1) small variations of labor supply over the life cycle, (2) large variations of employment relative to wages over the business cycle, and (3) large income differences across countries."--Federal Reserve Bank of Richmond web site.

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