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MEASURING WELFARE CHANGES IN LABOUR SUPPLY MODELS

โœ Scribed by JOHN CREEDY; GUYONNE KALB


Book ID
111042602
Publisher
John Wiley and Sons
Year
2005
Tongue
English
Weight
268 KB
Volume
73
Category
Article
ISSN
1463-6786

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## Abstract In economic research, it is often important to express the marginal value of a variable in monetary terms. In random coefficient models, this marginal monetary value is the ratio of two random coefficients and is thus random itself. In this paper, we study the distribution of this ratio