end of the life cycle. We use the model to estimate the effects of various changes to tax and Social Security policies and …

use it to assess the consequences of changes in tax and transfer policies on equilibrium hours of work. We find that …

determine a) total marginal net tax rates on current labor supply, b) total net marginal tax rates on life-cycle labor supply, c …) total net marginal tax rates on saving, and d) the tax-arbitrage opportunities available from contributing to retirement … and state personal income taxes, the FICA payroll tax, federal and state corporate income taxes, federal and state sales …

We use anticipated changes in tax rates associated with changes in family composition to estimate intertemporal labor … supply elasticities and elasticities of taxable income with respect to the net-of-tax wage rate. Changes in the ages of … children can affect marginal tax rates through provisions of the tax code that are tied to child age and dependent status. We …