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(relatively) tax complements to leisure and subsidize substitutes because doing so helps to offset the distorting effect of …, Atkinson and Stiglitz (1976) claim to have demonstrated the opposite, that goods complementary with leisure should "face lower … optimality of relatively taxing leisure complements is indeed correct, and conflicting results are explained …
Persistent link: https://www.econbiz.de/10012464250
implications for how aggregate labor supply responds to changes in taxes. In the first model, curvature in the utility from leisure … extent of curvature in the utility from leisure function …
Persistent link: https://www.econbiz.de/10012462022
-2005. We find that the time individuals have allocated to leisure has increased in the U.S. for both men and women during this … increase in leisure inequality, particularly for men. Over the last 20 years, less educated men increased the time they … allocated to leisure while more educated men recorded a decrease in leisure time. While the relative decline in the employment …
Persistent link: https://www.econbiz.de/10012464809
This paper employs a synthetic cohort technique and Consumer Expenditure Survey data to construct average age-profiles of consumption and income over the working lives of typical households across different education and occupation groups. Using these profiles, we estimate a structural model of...
Persistent link: https://www.econbiz.de/10012471519
, on firm dynamics and welfare, of efficiency, input prices, demand/quality, idiosyncratic markups, and residual wedges …. Our strategy nests previous approaches limited by data availability. In our application, demand/quality is found to …
Persistent link: https://www.econbiz.de/10012481767
We present evidence that many households have only a vague notion of what they are spending on various consumption items. We then develop a life-cycle model that captures this absent-mindedness'. The model generates precautionary spending, whereby absent-minded agents tend to consume more than...
Persistent link: https://www.econbiz.de/10012468478
up in parallel movements in schooling and training in the 1980's as the demand for human capital increased. Once again …
Persistent link: https://www.econbiz.de/10012474077
frequencies. (ii) estimation of a flexible specification of preferences indicates that the elasticity of intertemporal …
Persistent link: https://www.econbiz.de/10012474493
We assess the concentration and duration of zero tax liabilities and of transfer receipts, using data for households with ten to forty years of observations from the Panel Survey of Income Dynamics. We find that neither is strongly concentrated. Nearly 68% owe no federal tax in at least one...
Persistent link: https://www.econbiz.de/10012456099
ability to generate new growth options. This simple theory predicts that Tobin's q falls with age. Further, competition in the …
Persistent link: https://www.econbiz.de/10012459232