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Taxes and labor supply: Portugal, Europe, and the United States (Conference version)
Autores
Orientador(es)
Resumo(s)
I relate hours worked with taxes on consumption and labor. I propose a
model and compare its predictions for Portugal, France, Spain, United Kingdom
and United States. Hours per worker in Portugal decreased from 35.1 in 1986
to 32.6 in 2001. With only the parameters and the taxes for Portugal, the
model predicts the hours worked in 2001 with an error of only 12 minutes from
the actual hours. Across countries, most predictions differ from the data by
one hour or less. The model is able to explain the trend in hours with only the
changes in taxes.
Descrição
Palavras-chave
Labor supply Consumption tax Labor income tax