A carregar...
Publicação
Taxes and labor supply: Portugal, Europe, and the United States
Autores
Orientador(es)
Resumo(s)
I relate hours worked with taxes on consumption and labor for Portugal,
France, Spain, United Kingdom and United States. From 1986 to 2001, hours
per worker in Portugal decreased from 35.1 to 32.6. With the parameters for
Portugal, the model predicts 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 not sensible to special assumptions on
the parameters. I calculate the long run effects of taxes on consumption, hours,
capital and welfare for Portugal. I extend the model to discuss implications for
Social Security. I discuss the steady state and the transition from a pay-as-you-go
to a fully funded system.
Descrição
Palavras-chave
Labor supply Consumption tax Labor income tax Welfare Social security