Value functions and transitions The value of employment can now be defined by WG,XT,的兴nG12H1T1展 ,種o①,GXv①,GXT U,GGr详魂 RQE,X)hQ,ADo÷n洲max W①G;;r;出;判 W①.Gx0.器黄 】,0M, XUE,? *umax/,G1①,G,冷次 WT,Gr升;• The value of employment can now be defined by Value functions and transitions W E,G,X,T,,wE,Gt ,Xt ,Tt ,t , E,XEG ❖,❖U E,G ❖,X ❖,wE,G,X ❖,T ❖,,❖ 1 E,XWE,XEG ❖,❖,u ❖,  0 ❖,   ❖max U E,G ❖,X ❖,wE,G,X ❖,T ❖,,❖ W E,G ❖,X ❖,T ❖,u ❖, W E,G ❖,X ❖,0,  0 ❖ ,   ❖ 1 E,X1 WE,XEG ❖,❖,u ❖max U E,G ❖,X ❖,wE,G,X ❖,T ❖,,❖ W E,G ❖,X ❖,T ❖,u ❖,