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In this article we quantify the aggregate, distributional and welfare consequences of two revenue neutral flat-tax reforms using a model economy that replicates the U.S. distributions of earnings, income and wealth in very much detail. We find that the less progressive reform brings about a 2.4%...
Persistent link: https://www.econbiz.de/10005662104
of reform brings about sizable output gains and a non-trivial increase in after-tax income inequality. But we also find …
Persistent link: https://www.econbiz.de/10008854542
obtain better jobs. We show that job inequality, which leads to within-skill wage differences, gives incentives to work …
Persistent link: https://www.econbiz.de/10005136435
The MRC National Survey of Health and Development provides data on the hourly pay of males and females at age 26 in 1972 and in 1977. These have been subjected to regression analysis to see how far the gap between men's and women's pay is statistically explicable by (a) a "human capital" model...
Persistent link: https://www.econbiz.de/10005504211
The opportunity costs of rearing British children, in terms of cash earnings forgone by their mother, are estimated for a typical family. Data from the 1980 Women and Employment Survey provide estimates for hourly pay as a function of work experience and current hours of work. In addition, these...
Persistent link: https://www.econbiz.de/10005792397
Models to explain the chances of economic activity, employment and full-time work in a national cross-section of British women in 1980 in terms of a number of demographic and economic variables are estimated by OLS. Marital status differentials are minor once the presence of dependent children...
Persistent link: https://www.econbiz.de/10005661763