« An Example: Investing in Education | Main | Revisiting Investing in Education »

February 10, 2009

Intertemporal Substitution

P2100041a.jpg

P2100043a.jpg

The next lecture will show that this is caused by the income effect reversing the substitution effect:

P2100044a.jpg

P2100048a.jpg

Posted by bparke at February 10, 2009 07:10 PM

Comments