high CRRA's imply equally high values for the income elasticity of the value of a statistical life. Yet estimates of this …

high CRRA's imply equally high values for the income elasticity of the value of a statistical life. Yet estimates of this …

labor supply. This linkage could be extremely important in light of the large pre-existing distortion due to income and … consumption taxation and income-based transfer programs. For example, might myopic individuals, as a first approximation, view … payroll taxes and other withholding to fund retirement savings as akin to an income tax, while largely ignoring the distant …

raising the labor income tax rate; under a second, raising the targeted savings rate has no effect on labor supply; and under …. Effects on labor supply are particularly consequential because of the significant preexisting distortion due to labor income …