Long-term changes in labor supply and taxes: Evidence from OECD countries, 1956-2004

• 成果类型: Article
• 署名作者: Ohanian, Lee; Raffo, Andrea; Rogerson, Richard
• 署名单位: University of California System; University of California Los Angeles; Federal Reserve System - USA; Federal Reserve Bank - Minneapolis; National Bureau of Economic Research; Federal Reserve System - USA; Arizona State University; Arizona State University-Tempe
• 刊物名称: JOURNAL OF MONETARY ECONOMICS
• ISSN/ISSBN: 0304-3932
• DOI: 10.1016/j.jmoneco.2008.09.012
• 发表日期: 2008
• 页码: 1353-1362
• 关键词: labor supply; Wedges; taxes

摘要

We document large differences in trend changes ill 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. Published by Elsevier B.V.