Why do americans work so much more than europeans?
By: Edward C. Prescott.
Series: Federal Reserve Bank of Minneapolis, Research Department staff report ;; 321; Staff report (Federal Reserve Bank of Minneapolis. Research Dept. : Online) ;; 321.
Publisher: Federal Reserve Bank of Minneapolis
Published: 2003
Place of publication: [Minneapolis, Minn.]
Language: eng
Format: Electronic resource
Subjects: Hours of labor -- United States.; Hours of labor -- United States.; Taxation -- United States.; Taxation -- Europe.
Description: "Americans now work 50 percent more than do the Germans, French, and Italians.  This was not the case in the early 1970s when the Western Europeans worked more than Americans.  In this paper, I examine the role of taxes in accounting for the differences in labor supply across time and across countries, in particular, the effective marginal tax rate on labor income.  The population of countries considered is that of the G-7 countries, which are major advanced industrial countries.  The surprising finding is that this marginal tax rate accounts for the predominance of the differences at points in time and the large change in relative labor supply over time with the exception of the Italian labor supply in the early 1970s."--Federal Reserve Bank of Minneapolis web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 11/16/2004.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.