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"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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Edition Notes
Title from PDF file as viewed on Oct. 1, 2006.
Includes bibliographical references.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.
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