Financial Inclusion in Papua New Guinea

Intratemporal Trade: allocation of HH resources Household i (drop subscript) ▸ resource (Hicksian composite of physical and human capital, labor, land): L ▸ continuum of goods on j = [0,1] technology: unit labor requirement: a (j) for goods (differs across HHs) utility (C-D): In U = f³ Inc (j) • Choice: home production or sell labor services and buy goods • Assumption 1: household's productivity is declining in j 590 Davies & Nettuno Financial Inclusion in Papua New Guinea August 4, 2022 11/36

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