Re:It’s better to be born rich than gifted
by conanbatt on Sunday October 14, 2018 @11:58AM
(#18213503)
Yes, in microeconomic modeling you find that when your income increases, two competing forces go into effect: that you want to work more because you make more money for each unit you provide, and the "consumption" of leisure goes up because it is now affordable.
Which one wins is something to figure out empirically, but look at the fact that europe has more leisure than the US does, even at the same level of income.
Which one wins is something to figure out empirically, but look at the fact that europe has more leisure than the US does, even at the same level of income.