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Male Labor Supply and Generational Fiscal Policy

Christian vom Lehn (), Aspen Gorry and Eric Fisher
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Eric Fisher: California Polytechnic State University

No 536, 2016 Meeting Papers from Society for Economic Dynamics

Abstract: Between 1948 and 2000, hours worked per man in the United States fell by twenty percent. Using a life cycle model of labor supply with intensive and extensive margins, we assess how much of this decline can be accounted for by changes in tax and transfer policies. We use policy measures from the generational accounting literature, capturing the lifetime fiscal bur- dens faced by each birth-year cohort. Changes in age demographics and fiscal policy together account for roughly half of the decline in hours worked. Policy alone explains approximately thirty percent, both in the aggregate and for different age groups.

Date: 2016
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Journal Article: Male Labor Supply and Generational Fiscal Policy (2018) Downloads
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