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The optimal design of low income support is examined using a structural labour supply model. The approach incorporates unobserved heterogeneity, fixed costs of work, childcare costs and the detailed non-convexities of the tax and transfer system. The analysis considers purely Pareto improving...
Persistent link: https://www.econbiz.de/10009307333
The optimal design of low income support is examined using a structural labour supply model. The approach incorporates unobserved heterogeneity, fixed costs of work, childcare costs and the detailed non-convexities of the tax and transfer system. The analysis considers purely Pareto improving...
Persistent link: https://www.econbiz.de/10013123920
Persistent link: https://www.econbiz.de/10012775845
, spouses' wages, hours of work, and time spent with children to estimate the sensitivity of consumption and time allocation to …
Persistent link: https://www.econbiz.de/10012930924
, spouses' wages, hours of work, and time spent with children to estimate the sensitivity of consumption and time allocation to …
Persistent link: https://www.econbiz.de/10011776047
We study earnings and income inequality in Britain over the past two decades, including the period of relatively "inclusive" growth from 1997-2004 and the Great Recession. We focus on the middle 90%, where trends have contrasted strongly with the "new inequality" at the very top. Household...
Persistent link: https://www.econbiz.de/10011583577
This paper uses individual data on employment and wages to shed light on the UK's productivity puzzle. It finds that … workforce composition cannot explain the reduction in wages and hence productivity that we observe; instead, real wages have … lower capital-labour ratio. We cannot tell whether productivity is driving wages or vice versa, but understanding why wages …
Persistent link: https://www.econbiz.de/10009752196
not. The estimates of the sharing rule show that wages have a strong influence on bargaining power within couples. …
Persistent link: https://www.econbiz.de/10010332988
and find strong evidence of smoothing of male's and female's permanent shocks to wages. Once family labor supply, assets …
Persistent link: https://www.econbiz.de/10009629674
This chapter surveys existing approaches to modeling labor supply and identifies important gaps in the literature that could be addressed in future research. The discussion begins with a look at recent policy reforms and labor market facts that motivate the study of labor supply. The analysis...
Persistent link: https://www.econbiz.de/10011538104