Long-term changes in labor supply and taxes: Evidence from OECD countries, 1956-2004
Lee Ohanian (),
Andrea Raffo () and
Richard Rogerson ()
Journal of Monetary Economics, 2008, vol. 55, issue 8, 1353-1362
We document large differences in trend changes in hours worked across OECD countries between 1956 and 2004. We assess the extent to which these changes are consistent with the intratemporal first order condition from the neoclassical growth model, augmented with taxes on labor income and consumption expenditures. We find that the model can account for most of the trend changes in hours worked measured in the data. Differences in taxes explain much of the variation in hours worked both over time and across countries.
Keywords: Labor; supply; Wedges; Taxes (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (142) Track citations by RSS feed
Downloads: (external link)
Full text for ScienceDirect subscribers only
Working Paper: Long-term changes in labor supply and taxes: evidence from OECD countries, 1956-2004 (2006)
Working Paper: Long-Term Changes in Labor Supply and Taxes: Evidence from OECD Countries, 1956-2004 (2006)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eee:moneco:v:55:y:2008:i:8:p:1353-1362
Access Statistics for this article
Journal of Monetary Economics is currently edited by R. G. King and C. I. Plosser
More articles in Journal of Monetary Economics from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().