Taxes, Transfers, and Labor Supply
Author: Gary T. Burtless
Publisher:
Published: 1985
Total Pages: 36
ISBN-13:
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Author: Gary T. Burtless
Publisher:
Published: 1985
Total Pages: 36
ISBN-13:
DOWNLOAD EBOOKAuthor: Richard Rogerson
Publisher: AEI Press
Published: 2010-06-16
Total Pages: 129
ISBN-13: 0844743577
DOWNLOAD EBOOKAs the Bush-era tax cuts are set to expire in 2010, ambitious health care legislation is moving through Congress, and entitlement programs are growing at unsustainable rates, U.S. policymakers face important questions about the optimal size and scope of federal spending. The federal government finances its spending through labor taxes, including taxes on income, payroll, and consumption-taxes that generate significant disincentives for employment. In Taxes, Transfers, and Labor Supply: An International Perspective, Richard Rogerson contends that the unintended consequences of increased labor taxes would be too large for policymakers to ignore. Rogerson compares fifty years of time series data from the United States and fourteen other OECD countries. He finds that a 10 percentage point increase in the tax rate on labor leads to a 10 to 15 percent decrease in hours of work. Even a 5 percent decrease in hours worked would mean a decline in labor market productivity equating to a serious recession. But, whereas recessions are temporary, changes in government spending patterns have permanent repercussions. Although government spending provides citizens with many important benefits, these benefits must be weighed against the disincentivizing effects of increased labor taxes. Policymakers who fail to account for this decrease in labor productivity risk expanding government programs beyond the economy's ability to support them.
Author: Robert A. Moffitt
Publisher:
Published: 1977
Total Pages: 78
ISBN-13:
DOWNLOAD EBOOKAuthor: Richard Blundell
Publisher: Oxford University Press
Published: 2016
Total Pages: 485
ISBN-13: 0198749805
DOWNLOAD EBOOKPresents Richard Blundell's outstanding research on the modern economic analysis of labour markets and public policy reforms and brings together, in revised and integrated form, a number of the author's key papers.
Author: Gary T. Burtless
Publisher:
Published: 1987
Total Pages: 20
ISBN-13:
DOWNLOAD EBOOKAuthor: United States. Congress. Joint Economic Committee
Publisher:
Published: 2012
Total Pages: 68
ISBN-13:
DOWNLOAD EBOOKAuthor: Rebecca Lynn Johannsen
Publisher:
Published: 2010
Total Pages: 142
ISBN-13:
DOWNLOAD EBOOKAuthor: Salvador Ortigueira
Publisher:
Published: 2020
Total Pages:
ISBN-13:
DOWNLOAD EBOOKEligibility and benefits for anti-poverty income transfers in the U.S. are based on both the means and the household characteristics of applicants, such as their filing status, living arrangement, and marital status. In this paper we develop a dynamic structural model to study the effects of the U.S. tax-transfer system on the decisions of non-college-educated workers with children. In our model workers face uninsurable idiosyncratic risks and make decisions on savings, labor supply, living arrangement, and marital status. We find that the U.S. anti-poverty policy distorts the cohabitation/marriage decision of single mothers, providing incentives to cohabit. We also find quantitatively important effects on savings, and on the labor supply of husbands and wives. Namely, the model yields a U-shaped relationship between the earnings of one spouse and the labor supply of the other spouse, a result that we also find in the data. We show that these U-shaped relationships stem in part from the current design of anti-poverty income programs, and that the introduction of an EITC deduction on the earnings of secondary earners-as proposed in the 21st Century Worker Tax Cut Act-would increase the employment rate of the spouses of workers earning between $15K and $35K, especially of female spouses.
Author: Myles Maxfield
Publisher:
Published: 1977
Total Pages: 172
ISBN-13:
DOWNLOAD EBOOKAuthor: Michael C. Keeley
Publisher: Elsevier
Published: 2013-09-11
Total Pages: 209
ISBN-13: 1483269965
DOWNLOAD EBOOKLabor Supply and Public Policy: A Critical Review deals with the theoretical and empirical econometric research done on the determinants of labor supply and with the effects of public policies on labor supply. This book reviews the various estimates made from studies concerning the economics of labor supply and evaluates the econometric methods that these studies have used. This text also analyzes the labor-supply phenomena, the costs of the different public programs, as well as, the implications of the empirical findings of these studies. The emphasis is on empirical research: many policies that are made depend on the scale of changes in the wage rates and non-market (household) income on hours of work. This book also focuses more on the determinants of the allocation of time between the market and household sectors. The text notes that by using the means of the estimates in the different studies under review, the labor-supply response to public policies involving net wages or income, shows a substantial (but not overwhelming) reaction. This book then correlates this finding with the tax and transfer programs, such as food stamps, unemployment insurance, AFDC (aid to families with dependent children), and NIT (negative income tax). This book is suitable for economists, social workers, and policy makers who are involved in social services, community development, welfare, taxation, labor, and employment.