Department of Economics. University of Melbourne. Parkville Victoria 3052 Australia
ABSTRACT
CONTENTS
1. Introduction ............................................................p. 3
2. Labour Supply ........................................................p. 6
2.1 The utility function ..................................................p. 6
2.2 Interior solutions .....................................................p. 7
2.3 Avoiding poverty ...................................................p. 8
2.4 Diagrammatic form ...............................................p. 11
3. The Government Budget Constraint ........................p. 12
4. Social Welfare and Poverty .....................................p. 15
4.1 The social welare funtion .......................................p. 15
4.2 Poverty measures ..................................................p.17
5. Simulation Results ...................................................p. 18
6. Conclusions ............................................................p.
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