Long-term changes in labor supply and taxes
Subtitle: evidence from OECD countries, 1956-2004
By: Lee Ohanian, Andrea Raffo, and Richard Rogerson
Contributors: Raffo, Andrea; Rogerson, Richard Donald; Federal Reserve Bank of Kansas City. Research Division
Series: RWP -- 06-16
Publisher: Research Division, Federal Reserve Bank of Kansas City
Published: 2006
Place of publication: Kansas City [Mo.]
Language: eng
Format: [electronic resource] :
Description: We document large differences in trend changes in hours worked across OECD countries over the period 1956-2004. We then assess the extent to which these changes are consistent with the intratemporal first order condition from the neoclassical growth model. We find large and trending deviations from this condition, and that the model can account for virtually none of the changes in hours worked. We then extend the model to incorporate observed changes in taxes. Our findings suggest that taxes can account for much of the variation in hours worked both over time and across countries.
Notes: Title from PDF file (viewed on Jan. 4, 2007).

"December 2006."

Includes bibliographical references.

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