(13.3d)
For example, if base subsistence is half the base year average wage, B[0] = ½ W[0] then h =0.5. When r = 0.5 then rsi = 0.33 + 0.67 rwi.
With h and B[0] given, the causal chain is {rwi, r}
rsi
B
M
(13.3d)
For example, if base subsistence is half the base year average wage, B[0] = ½ W[0] then h =0.5. When r = 0.5 then rsi = 0.33 + 0.67 rwi.
With h and B[0] given, the causal chain is {rwi, r}
rsi
B
M