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expenditure taxation, by exempting the "normal return" to saving and taxing only "excess returns" on the same tax schedule as … allocation ; saving ; inequality …
Persistent link: https://www.econbiz.de/10009548071
This paper extends the standard model of life cycle consumption, saving and labor supply in a number of directions … behaviour in respect of female labour supply and saving, and provide evidence to show that these are very closely related across …
Persistent link: https://www.econbiz.de/10011401086
This paper examines the role of home production in estimating life-cycle labor supply. I show that, consistent with … production biases its estimate upwards. Changes in this demand over the life-cycle have an income effect on labor supply, but the …
Persistent link: https://www.econbiz.de/10010509104
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We propose a new classification of consumption goods into nondurable goods, durable goods and a new class which we call "memorable" goods. A good is memorable if a consumer can draw current utility from its past consumption experience through memory. We construct a novel consumption-savings...
Persistent link: https://www.econbiz.de/10010208579
Parents spend considerable time and resources investing in their children's development. Given evidence that the Earned Income Tax Credit (EITC) affects maternal labor supply, we investigate how the EITC affects a broad array of time-use activities, focusing on the amount and nature of time...
Persistent link: https://www.econbiz.de/10012286534
Parents spend considerable sums investing in their children's development, with their own time among the most important forms of investment. Given well-documented effects of the Earned Income Tax Credit (EITC) on maternal labor supply, it is natural to ask how the EITC affects other time...
Persistent link: https://www.econbiz.de/10012287391
We specify a structural life-cycle model of consumption, labour supply and job mobility in an economy with search … considerable welfare loss on individuals and induce substantial precautionary saving. Increases in employment risk have large …) insurance against employment risk and no insurance against persistent shocks. -- uncertainty ; life-cycle models ; unemployment …
Persistent link: https://www.econbiz.de/10003817505