Taxes, Transfers, and Labor Supply

Taxes, Transfers, and Labor Supply PDF Author: Gary T. Burtless
Publisher:
ISBN:
Category : Income tax
Languages : en
Pages : 36

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Taxes, Transfers, and Labor Supply

Taxes, Transfers, and Labor Supply PDF Author: Gary T. Burtless
Publisher:
ISBN:
Category : Income tax
Languages : en
Pages : 36

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The Impact of Labor Taxes on Labor Supply

The Impact of Labor Taxes on Labor Supply PDF Author: Richard Rogerson
Publisher: AEI Press
ISBN: 0844743577
Category : Business & Economics
Languages : en
Pages : 129

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Book Description
As 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.

The Labor-supply Response to Tax and Transfer Programs

The Labor-supply Response to Tax and Transfer Programs PDF Author: Robert A. Moffitt
Publisher:
ISBN:
Category : Labor supply
Languages : en
Pages : 78

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Labor Supply and Taxation

Labor Supply and Taxation PDF Author: Richard Blundell
Publisher: Oxford University Press
ISBN: 0198749805
Category : Business & Economics
Languages : en
Pages : 485

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Book Description
Presents 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.

Taxes, Transfers, and Economic Distortions

Taxes, Transfers, and Economic Distortions PDF Author: Gary T. Burtless
Publisher:
ISBN:
Category : Capital movements
Languages : en
Pages : 20

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Labor Supply Responses to Taxes and Transfer Payments

Labor Supply Responses to Taxes and Transfer Payments PDF Author: Rebecca Lynn Johannsen
Publisher:
ISBN:
Category : Earned income tax credit
Languages : en
Pages : 142

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How the Taxation of Labor and Transfer Payments Affect Growth and Employment

How the Taxation of Labor and Transfer Payments Affect Growth and Employment PDF Author: United States. Congress. Joint Economic Committee
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 68

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The U.S. Tax-transfer System and Low-income Households

The U.S. Tax-transfer System and Low-income Households PDF Author: Salvador Ortigueira
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Eligibility 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.

Tax and Transfer Policy and Female Labor Supply

Tax and Transfer Policy and Female Labor Supply PDF Author: Nada Eissa
Publisher:
ISBN:
Category : Earned income tax credit
Languages : en
Pages : 368

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Estimating the Impact of Labor Supply Adjustments on Transfer Program Costs

Estimating the Impact of Labor Supply Adjustments on Transfer Program Costs PDF Author: Myles Maxfield
Publisher:
ISBN:
Category : Labor supply
Languages : en
Pages : 172

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