Showing 1 - 10 of 2,013
Declining hours of work per worker in conjunction with a growing work force may give rise to fluctuations between growth regimes. This is shown in an overlapping generations model with two-period lived individuals endowed with Boppart-Krusell preferences (Boppart and Krusell (2020)). On the...
Persistent link: https://www.econbiz.de/10013233150
Survey measures of the reservation wage reflect both the consumption-leisure trade-off and job search concerns (the arrival rate of job offers and the wage distribution). We examine what a survey measure of the reservation wage reveals about labor supply when search concerns are absent. To this...
Persistent link: https://www.econbiz.de/10012831654
argues that in order to understand earnings dispersion we need to consider not only the dispersion of hourly wages but also … hours and wages, assessing their contribution to recent trends in earnings inequality. We find that, other than in the US … with respect to wages has also played a key role, notably in the two continental economies. This elasticity used to be …
Persistent link: https://www.econbiz.de/10014240481
number of people worldwide. This development has led to increasing political and scientific interest in the wages that people … crowdworking by conducting a meta-analysis of the prevalent hourly wages. After a systematic and rigorous literature search, we … consider 20 primary empirical studies, including 104 wages and 76,282 data points from 22 platforms, eight different countries …
Persistent link: https://www.econbiz.de/10013307208
Over the last decades, hours worked per capita have declined substantially in many OECD economies. Using a neoclassical growth model with endogenous work-leisure choice, we assess the role of trend growth slowdown in accounting for the decline in hours worked. In the model, a permanent reduction...
Persistent link: https://www.econbiz.de/10013222213
This paper develops analytic results for marginal compensated effects of discrete labor supply models, including Slutsky equations. It matters, when evaluating marginal compensated effects in discrete choice labor supply models, whether one considers wage increase (right marginal effects) or...
Persistent link: https://www.econbiz.de/10012892091
This paper studies the life-cycle effects of favorable marginal tax treatment of older workers on their optimal life cycle labor supply, retirement timing, and savings. I develop a structural model in continuous time where the life-cycle of a representative agent is divided into three distinct...
Persistent link: https://www.econbiz.de/10013235104
This paper studies optimal non-linear income taxation in a model with labor supply responses at the intensive (hours, effort) and extensive (participation) margins. It shows that an Earned Income Tax Credit (EITC) with negative marginal taxes and negative participation taxes at the bottom is...
Persistent link: https://www.econbiz.de/10013250261
This paper analyses the optimal tax policy and public provision of private goods when individuals differ in two respects: income-earning ability and rationality. Publicly provided goods should be overprovided or subsidised, relative to the decentralised optimum, if society's marginal valuation...
Persistent link: https://www.econbiz.de/10013318503
Adverse economic shocks occur frequently and may cause individuals to reevaluate key life decisions in ways that have lasting consequences for themselves and the economy. These life decisions are fundamentally tied to specific periods of an individual’s career, and economic shocks may...
Persistent link: https://www.econbiz.de/10013309486