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Insights from the basic labor leisure model

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Two of your friends read a newspaper article in which it is mentioned that, on average, Americans work longer hours than Europeans, and therefore enjoy less leisure. The first friend claims this makes sense because Europeans face a higher labor income tax rate, which lowers the effective (net) wage rate. The second friend claims it is because Europeans have lower tastes for work (or higher tastes for leisure) than Americans. Using the insights from the basic labor leisure model, can you prove either of your friends wrong? Explain.

Reference no: EM132794989

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