Discussion of Singles, Couples, Time-Averaging, and Taxation

• 成果类型: Article
• 署名作者: Blundell, Richard; French, Eric
• 署名单位: University of London; University College London; University of Cambridge
• 刊物名称: JOURNAL OF MONETARY ECONOMICS
• ISSN/ISSBN: 0304-3932
• DOI: 10.1016/j.jmoneco.2024.103719
• 发表日期: 2025
• 关键词: taxation; labor supply; retirement; Social Security; life-cycle

摘要

This discussion comments on Singles, Couples, Time-Averaging, and Taxation by Hans Holter, Lars Ljungqvist, Thomas Sargent, and Serhiy Stepanchuk. This work represents an exciting new agenda, combining recent findings in the dynamic micro labor supply and retirement literature with key features of the macro environment by including general equilibrium feedback and a government budget constraint. We point to some areas where the specification could be improved but these do not detract from the key insights in this paper and the significant steps it makes toward building a coherent micro and macro framework for research on labor supply and taxation.