Three Essays on the Effect of Taxes and Tax Reform on the Life-cycle Labor Supply

Three Essays on the Effect of Taxes and Tax Reform on the Life-cycle Labor Supply PDF Author: James Patrick Ziliak
Publisher:
ISBN:
Category :
Languages : en
Pages : 422

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Three Essays on the Effect of Taxes and Tax Reform on the Life-cycle Labor Supply

Three Essays on the Effect of Taxes and Tax Reform on the Life-cycle Labor Supply PDF Author: James Patrick Ziliak
Publisher:
ISBN:
Category :
Languages : en
Pages : 422

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Estimating Life Cycle Labor Supply Tax Effects

Estimating Life Cycle Labor Supply Tax Effects PDF Author: James P. Ziliak
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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We 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.

The Effects of Recent Tax Reforms on Labor Supply

The Effects of Recent Tax Reforms on Labor Supply PDF Author: Thomas J. Kniesner
Publisher: A E I Press
ISBN: 9780844770871
Category : Business & Economics
Languages : en
Pages : 57

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The 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.

Federal Tax Reform Analyses in an Overlapping Generations Life Cycle Model with Variable Labor Supply

Federal Tax Reform Analyses in an Overlapping Generations Life Cycle Model with Variable Labor Supply PDF Author: William A. Lord
Publisher:
ISBN:
Category : Labor supply
Languages : en
Pages : 296

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The Effect of Taxation on Lifecycle Labor Supply

The Effect of Taxation on Lifecycle Labor Supply PDF Author: Jane K. Dokko
Publisher:
ISBN:
Category :
Languages : en
Pages : 62

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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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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 Efficiency and Welfare Effects of Tax Reform

The Efficiency and Welfare Effects of Tax Reform PDF Author: David Altig
Publisher:
ISBN:
Category : Flat-rate income tax
Languages : en
Pages : 52

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Tax Provisions in the Contract with America Designed to Strengthen the American Family

Tax Provisions in the Contract with America Designed to Strengthen the American Family PDF Author: United States. Congress. House. Committee on Ways and Means
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 544

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Labor Supply and the Tax Reform Act of 1986

Labor Supply and the Tax Reform Act of 1986 PDF Author: Randall P. Mariger
Publisher:
ISBN:
Category : Income tax
Languages : en
Pages : 44

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Life Cycle Consumption and Labour Supply Under Progressive Taxation

Life Cycle Consumption and Labour Supply Under Progressive Taxation PDF Author: Eatzaz Ahmad
Publisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 46

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