Machine generated contents note: Chapter 1 - Matrix Algebra -- Chapter 2 - Comparative Statics -- Chapter 3 - General-Function Models -- Chapter 4 - Optimization -- Chapter 5 - Exponential and Logarithmic Functions -- Chapter 6 - Unconstrained Optimization -- Chapter 7 - Constrained Optimization...

We study work effort with its various determinants such as the educational level of the worker, the minimum or start-up salary as well as the initial endowment of the worker. By means of optimization we find that optimal work effort depends directly on the initial income available to the worker,...