Work

Long-Term Changes in Labor Supply and Taxes: Evidence from OECD Countries, 1956-2004

Year: 2006

Type: report

Abstract: 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.

Source: National Bureau of Economic Research

DOI: 10.3386/w12786

Authors: Lee Ohanian, Andrea Raffo, Richard Rogerson

Institutions: National Bureau of Economic Research, University of California, Los Angeles, Arizona State University

Language: English

Topic: Gender, Labor, and Family Dynamics

Subfield: Gender Studies

Field: Social Sciences

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: green

OpenAlex ID: W3122965484

Cites: 17

Cited by: 84

Related to: 10