Non-Leisure Time, the Price of Capital and Okun's Law : A Model Applied to the Informal Economy

I derive a rule for the allocation of non-leisure time which can account for variations in labor time between the market and the non-market sectors and can accord well with Okun's law. Applying this rule empirically to the informal economy confirms, contrary to previous findings, that corporate and personal income taxes do not influence this economy, unlike the price of capital which does

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Year of publication:	2010
Authors:	Pikoulakis, Emmanuel V.
Publisher:	[2010]: [S.l.] : SSRN
Subject:	Theorie \| Theory \| Okunsches Gesetz \| Okun's law \| Informelle Wirtschaft \| Informal economy

Extent:	1 Online-Ressource (16 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 11, 2010 erstellt
Other identifiers:	10.2139/ssrn.1551252 [DOI]
Classification:	E22 - Capital; Investment (including Inventories); Capacity ; E23 - Production ; E24 - Employment; Unemployment; Wages ; E26 - Informal Economy; Underground Economy ; J22 - Time Allocation and Labor Supply
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013147949