Ohanian, Lee; Raffo, Andrea; Rogerson, Richard - In: Journal of Monetary Economics 55 (2008) 8, pp. 1353-1362
We document large differences in trend changes in hours worked across OECD countries between 1956 and 2004. We assess the extent to which these changes are consistent with the intratemporal first order condition from the neoclassical growth model, augmented with taxes on labor income and...