Micro and Macro Elasticities in a Life Cycle Model With Taxes

Richard Rogerson, Johanna Wallenius

We build a life cycle model of labor supply that incorporates changes along both the intensive and extensive margin and use it to assess the consequences of changes in tax and transfer policies on equilibrium hours of work. We find that changes in taxes have large aggregate effects on hours of work. Moreover, we find that there is no inconsistency between this result and the empirical finding of small labor elasticities for prime age workers. In our model, micro and macro elasticities are effectively unrelated. Our model is also consistent with other cross-country patterns

MoreLess

Year of publication:	April 2007
Authors:	Rogerson, Richard
Other Persons:	Wallenius, Johanna (contributor)
Institutions:	National Bureau of Economic Research (contributor)
Publisher:	Cambridge, Mass : National Bureau of Economic Research
Subject:	Elastizität \| Elasticity \| Arbeitsangebot \| Labour supply \| Steuerwirkung \| Tax effects \| Allgemeines Gleichgewicht \| General equilibrium \| Öffentliche Sozialleistungen \| Social security benefits \| Arbeitszeit \| Working time \| Europa \| Europe \| Lebenszyklus \| Life cycle \| Theorie \| Theory

freely available

Full text |

More access options

doi.org

Check Google Scholar

In German libraries (KVK)

I need help

Which error do you want to report?

Report: URL of this record is broken

Please note: Sometimes more than one URL is available for a resource. Please click on "More Options" to display these URLs

Report: Addition of an URL to that resource

Please note: Sometimes more than one URL is available for a resource. Please click on "More Options" to display these URLs

Report: The language(s) of that resource is/are…

Please note: Required language not in the list? Please use comment field

Report: Addition of an identifier to that resource

Report: report typo

Report: Add statement

Report: Add keywords

Please use the commentary box to describe other errors

Would you like to receive a feedback?

Commentary

Please type the code from the image

For general questions please use this address.

Persistent link: https://www.econbiz.de/10012465638