for consumption/savings, labor supply/leisure, and retirement timing are then obtained by solving the model as a salvage …

leisure. Standard theory, which supposes that persons want more income and more leisure, does not predict how they resolve the … foundation. This paper examines anew the problem of inference on income–leisure preferences and considers the implications for … leisure. This shows that observation of a person’s time allocation under a status quo tax policy may bound his allocation …

as taxes distort the labor-leisure decision, they also distort the wage-amenity decision. Yet, there have been few …