Question: Why do welfare programs create work disincentives? Why did the labor force participation rate of women increase so much in past century? Why does a

Why do welfare programs create work disincentives? Why did the labor force participation rate of women increase so much in past century? Why does a worker allocate his or her time over the life cycle so as to work more hours in those periods when the wage is highest? Why does the worker not experience an income effect during those periods?

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