Even though they enter graduate school at roughly the same Even though they enter graduate school at

Even though they enter graduate school at roughly the same
Even though they enter graduate school at roughly the same age, law students typically own nicer cars than do Ph.D. students. Assuming that there is no difference across the two groups in terms of preferences and current incomes, explain this phenomenon. Rely on the intertemporal choice model developed in Section 5.5 for your explanation.

Even though they enter graduate school at roughly the same

 

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