Employment, Hours per Worker and Taxes: A Life-Cycle Analysis
We build a life cycle model of labor supply in which individuals choose both the fraction of life spent in employment and hours while employed. We develop a simple graphical representation of the steady state equilibrium labor supply choice and show that a tax on labor income used to finance a lump-sum transfer leads to a reduction of labor supply along both margins. These effects are consistent with the patterns observed in cross-country data.
Year of publication: |
2009
|
---|---|
Authors: | ROGERSON, Richard ; WALLENIUS, Johanna |
Published in: |
Annales d'Economie et de Statistique. - École Nationale de la Statistique et de l'Admnistration Économique (ENSAE). - 2009, 95-96, p. 105-119
|
Publisher: |
École Nationale de la Statistique et de l'Admnistration Économique (ENSAE) |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Lifetime aggregate labor supply with endogenous workweek length
Prescott, Edward C., (2009)
-
Micro and macro elasticities in a life cycle model with taxes
Rogerson, Richard Donald, (2007)
-
Micro and macro elasticities in a life cycle model with taxes
Rogerson, Richard Donald, (2009)
- More ...