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In the early 1970s, hours worked per working-age person in Spain were higher than in the United States. Starting in … 1975, however, hours worked in Spain fell by 40%. We find that 80% of the decline in hours worked can be accounted for by … hours in 1975-1986 and the large increase in hours in 1994-2007. The lack of productivity growth in Spain during 1994 …
Persistent link: https://www.econbiz.de/10011994601
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Persistent link: https://www.econbiz.de/10011707163
In the early 1970s, hours worked per working-age person in Spain were higher than in the United States. Starting in … 1975, however, hours worked in Spain fell by 40 percent. We find that 80 percent of the decline in hours worked can be … decrease in hours in 1975–1986 and the large increase in hours in 1994–2007. The lack of productivity growth in Spain during …
Persistent link: https://www.econbiz.de/10012951865
In the early 1970s, hours worked per working-age person in Spain were higher than in the United States. Starting in … 1975, however, hours worked in Spain fell by 40 percent. We find that 80 percent of the decline in hours worked can be … decrease in hours in 1975-1986 and the large increase in hours in 1994-2007. The lack of productivity growth in Spain during …
Persistent link: https://www.econbiz.de/10012455090
Aggregate hours worked per working-age person decreased in Austria by 25% from 1970 to 2005. During the same time period, taxes increased, particularly the effective marginal tax rate on labor income. Using a standard general equilibrium growth model with taxes, I quantitatively assess the role...
Persistent link: https://www.econbiz.de/10013079276
Americans now work 50 percent more than do the Germans, French, and Italians. This was not the case in the early 1970s when the Western Europeans worked more than Americans. In this paper, I examine the role of taxes in accounting for the differences in labor supply across time and across...
Persistent link: https://www.econbiz.de/10014216141
Parents spend considerable sums investing in their children's development, with their own time among the most important forms of investment. Given well-documented effects of the Earned Income Tax Credit (EITC) on maternal labor supply, it is natural to ask how the EITC affects other time...
Persistent link: https://www.econbiz.de/10012287391
This paper presents a global solution method to DSGE models, which does not depend on a grid and hence does not suffer from the curse of dimensionality. The method enables to approximate the Taylor series of the policy function at any arbitrary point of the state space. Once the Taylor series is...
Persistent link: https://www.econbiz.de/10013074022
This paper presents a new solution method for dynamic equilibrium models. The proposed method approximates the solution by polynomials that zero the residual function and its derivatives at a given point x0. It is essentially a projection-type algorithm, but is significantly faster than standard...
Persistent link: https://www.econbiz.de/10012936510