McElwain, Adrienne M.; Swofford, James L. - In: Journal of Human Resources 21 (1986) 2
The distortion of the labor-leisure choice by the Social Security payroll tax is well known. This paper uses a life-cycle model of labor-force effort to show that the combination of the Social Security payroll tax and a maximum taxable income alters the optimum time path of work. We analyze a...
