heterogeneous-agent economies. We emphasize a trade-off in the welfare calculation that arises when labour supply is endogenous. On …, greater wage inequality presents opportunities to increase aggregate productivity by concentrating market work among more … the result of a welfare gain of around 5% from the endogenous increase in productivity coupled with a loss of around 7 …

mechanism is that the total labour input over a lifetime must increase as longevity does. Otherwise, the incentive to invest in … youngest cohorts. Furthermore, the similarity in the trends and the magnitudes of the determinants of total lifetime labour …

empirical labour supply literature suggests that tax rates can explain only a small amount of the differences in hours between … Europeans worked more than Americans as late as the 1960s. In this paper, we argue that European labour market regulations …

here that technological progress in the household sector has saved on the need for labour at home. This makes it more … marriage and divorce is developed. Household production benefits from labour-saving technological progress. …

find that tax shocks have significant long run effects on aggregate hours, output and labor productivity. We also find that …, after controlling for tax shocks, permanent shocks to labor productivity generate short run increases in hours worked and …

in Britain between 1889-90 using data from the US Commissioner of Labour survey conducted at that time. The determinants …