Three Essays on the Effect of Taxes and Tax Reform on the Life-cycle Labor Supply
Author: James Patrick Ziliak
Publisher:
Published: 1993
Total Pages: 422
ISBN-13:
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Author: James Patrick Ziliak
Publisher:
Published: 1993
Total Pages: 422
ISBN-13:
DOWNLOAD EBOOKAuthor: James P. Ziliak
Publisher:
Published: 1999
Total Pages: 0
ISBN-13:
DOWNLOAD EBOOKWe present an econometrically tractable life cycle labor supply model for panel data including intertemporally progressive taxes on uncertain wage and nonwage incomes. Our two-stage fixed-effects generalized method-of-moments approach first estimates intratemporal and then intertemporal preferences. Specification testing demonstrates the value of incorporating joint progressive taxation of labor and nonlabor incomes. Results for prime-age men emphasize the roles played by hourly wage endogeneity, worker-specific effects, the measure of the rate of pay, and intertemporal budget constraint nonseparability. Simulations indicate that recent tax reforms, while not self-financing, stimulated male labor supplied by about 3 percent and reduced deadweight loss by about 16 percent.
Author: Thomas J. Kniesner
Publisher: A E I Press
Published: 1998
Total Pages: 57
ISBN-13: 9780844770871
DOWNLOAD EBOOKThe authors determine how progressive taxation of both wage and capital incomes affects the lifetime supply of labour, and they show the extent to which the tax reforms of the 1980s reduced the economic burden of progressive taxation.
Author: William A. Lord
Publisher:
Published: 1984
Total Pages: 296
ISBN-13:
DOWNLOAD EBOOKAuthor: Jane K. Dokko
Publisher:
Published: 2008
Total Pages: 62
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: David Altig
Publisher:
Published: 1992
Total Pages: 52
ISBN-13:
DOWNLOAD EBOOKAuthor: Randall P. Mariger
Publisher:
Published: 1995
Total Pages: 44
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DOWNLOAD EBOOKAuthor: Eatzaz Ahmad
Publisher:
Published: 1993
Total Pages: 46
ISBN-13:
DOWNLOAD EBOOKAuthor: United States. Congress. House. Committee on Ways and Means
Publisher:
Published: 1995
Total Pages: 544
ISBN-13:
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