Cociuba, Simona E.; Ueberfeldt, Alexander - 2010
. At the same time, the U.S. labor wedge, measured as the discrepancy between a representative household's marginal rate of … substitution between consumption and leisure and the marginal product of labor, declined substantially. We examine these trends in … that the shrinking gender wage gaps and increasing labor income taxes observed in U.S. data are key determinants of hours …