Income and the Allocation of Effort |
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acquisition of income advertising aggregate data aggregate demand allocated to income allocation of effort assumption bias capita income changes Chapter coefficients commodity consider consumption curve countries demand for effort demand for income demonstration effect distribution dividual Douglas economically active effort allocation effort between income effort income effort to income effort-price line effort-price of income empirical equation exchange rate expenditure of effort Figure 12 formal theory Harrod human effort income acquisition income and leisure income levels increase indifference analysis indifference curves individual's Kuznets labor level of income microeconomic overtime participation rate payment personal debt personal sector poll tax population price line price-consumption curve primary variables Progressive Taxation property income proportion Quantitative Aspects quantity of effort rate of income regression relationship between income reported representative individual Robbins sample Scitovsky Scitovsky's slope social effort society substitution effect supply curve t-value Table taxation tion U.S. dollar unemployment utility wage rates