Measuring The Labor Supply Effect Of Income Taxation Using A Life Cycle Labor Supply Model PDF Download
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Author | : Sri Mulyani Indrawati |
Publisher | : |
Total Pages | : 124 |
Release | : 1992 |
Genre | : Income tax |
ISBN | : |
Download Measuring the Labor Supply Effect of Income Taxation Using a Life Cycle Labor Supply Model Book in PDF, ePub and Kindle
The focus of this study is to estimate a life cycle model of labor supply including taxes for a developing economy by applying two methods of estimation. The first method is the cohort approach and the second approach is the consumption approach. The idea of the cohort approach is to create a simulated representative individual's life path by stratifying the sample according to the age of the head of household. The consumption approach, on the other hand, eliminates all future variables in the labor supply equation by proxying the marginal value of wealth ($lambda)$ with consumption. The two approaches enable me to use cross section data to estimate a life cycle model. Estimating a life cycle model using cross-section data avoids the attrition problem encountered in panel data. Both approaches also introduce techniques to handle the measurement error problem; i.e., the moving average in the cohort approach and the instrumental variables in the consumption approach. The consumption approach, however, is better than the cohort approach because it avoids cohort bias and it enables us to correct selection bias using Heckman (1979) technique. This adjustment is very important especially in the estimation of female labor supply. The results show that the compensated intertemporal elasticities of labor supply with respect to the wage rate tend to be larger than those found for developed economies. However, as in developed economies, Indonesian women are more tax sensitive than men. It is also shown that for males, the higher the education level and family income, the less sensitive the labor supply with respect to the wage rate. For females, however, the higher the education level, the more elastic labor supply with respect to the wage rate. Children have a positive and significant effect on female labor supply, indicating that they represent a financial burden in the family, which induces wives to work outside the home to get additional income. Extended family members have a negative effect on female labor supply, but a positive effect on male labor supply. (Abstract shortened by UMI.)
Author | : James Patrick Ziliak |
Publisher | : |
Total Pages | : 422 |
Release | : 1993 |
Genre | : |
ISBN | : |
Download Three Essays on the Effect of Taxes and Tax Reform on the Life-cycle Labor Supply Book in PDF, ePub and Kindle
Author | : Robert K. Triest |
Publisher | : |
Total Pages | : 478 |
Release | : 1987 |
Genre | : Labor supply |
ISBN | : |
Download The Effect of Income Taxation on Labor Supply Book in PDF, ePub and Kindle
Author | : Marvin Kosters |
Publisher | : |
Total Pages | : 46 |
Release | : 1968 |
Genre | : Employment (Economic theory) |
ISBN | : |
Download Effects of an Income Tax on Labor Supply Book in PDF, ePub and Kindle
The discussion of the effects of an income tax on labor supply and welfare is presented in the context of highly simplified models which abstract from problems such as shifts in the distribution of income and other complications introduced by progressivity. It is intended to point out the kinds of labor supply parameters on which changes in labor supply depend when alternative tax changes are considered, and to assemble some evidence on the welfare cost of an income tax. However, the evidence on compensated wage rate effects was obtained by studying only some readily measurable dimensions of labor supply for some components of the labor force. Although the effect on the allocation of time of a relative price distortion at the labor-leisure margin appears to be very small, except perhaps as it affects the labor force behavior of married women, an income tax can also affect consumption-savings decisions as well as the allocation of labor among different types of employment. (Author).
Author | : Michael C. Keeley |
Publisher | : New York : Academic Press |
Total Pages | : 216 |
Release | : 1981 |
Genre | : Business & Economics |
ISBN | : |
Download Labor Supply and Public Policy Book in PDF, ePub and Kindle
Monograph analysing the determinants of labour supply in the USA and the effects of social policy on labour market behaviour - presents a framework for evaluating research results, and covers the economic theory of labour supply, the effects of changes in hours of work, guaranteed income, negative income tax, etc. On income distribution, and reviews nonexperimental and experimental research. References.
Author | : Jane K. Dokko |
Publisher | : |
Total Pages | : 62 |
Release | : 2008 |
Genre | : |
ISBN | : |
Download The Effect of Taxation on Lifecycle Labor Supply Book in PDF, ePub and Kindle
Author | : James P. Ziliak |
Publisher | : |
Total Pages | : 0 |
Release | : 1999 |
Genre | : |
ISBN | : |
Download Estimating Life Cycle Labor Supply Tax Effects Book in PDF, ePub and Kindle
We present an econometrically tractable life cycle labor supply model for panel data including intertemporally progressive taxes on uncertain wage and nonwage incomes. Our two-stage fixed-effects generalized method-of-moments approach first estimates intratemporal and then intertemporal preferences. Specification testing demonstrates the value of incorporating joint progressive taxation of labor and nonlabor incomes. Results for prime-age men emphasize the roles played by hourly wage endogeneity, worker-specific effects, the measure of the rate of pay, and intertemporal budget constraint nonseparability. Simulations indicate that recent tax reforms, while not self-financing, stimulated male labor supplied by about 3 percent and reduced deadweight loss by about 16 percent.
Author | : Tom Kornstad |
Publisher | : Statistik Sentralbyra |
Total Pages | : 128 |
Release | : 1995 |
Genre | : Business cycles |
ISBN | : |
Download Empirical Life Cycle Models of Labour Supply and Consumption Book in PDF, ePub and Kindle
Author | : Michael Jay Boskin |
Publisher | : |
Total Pages | : 400 |
Release | : 1971 |
Genre | : Labor supply |
ISBN | : |
Download The Effects of Taxes on the Supply of Labor Book in PDF, ePub and Kindle
Author | : Richard Rogerson |
Publisher | : AEI Press |
Total Pages | : 129 |
Release | : 2010-06-16 |
Genre | : Business & Economics |
ISBN | : 0844743577 |
Download The Impact of Labor Taxes on Labor Supply Book in PDF, ePub and Kindle
As the Bush-era tax cuts are set to expire in 2010, ambitious health care legislation is moving through Congress, and entitlement programs are growing at unsustainable rates, U.S. policymakers face important questions about the optimal size and scope of federal spending. The federal government finances its spending through labor taxes, including taxes on income, payroll, and consumption-taxes that generate significant disincentives for employment. In Taxes, Transfers, and Labor Supply: An International Perspective, Richard Rogerson contends that the unintended consequences of increased labor taxes would be too large for policymakers to ignore. Rogerson compares fifty years of time series data from the United States and fourteen other OECD countries. He finds that a 10 percentage point increase in the tax rate on labor leads to a 10 to 15 percent decrease in hours of work. Even a 5 percent decrease in hours worked would mean a decline in labor market productivity equating to a serious recession. But, whereas recessions are temporary, changes in government spending patterns have permanent repercussions. Although government spending provides citizens with many important benefits, these benefits must be weighed against the disincentivizing effects of increased labor taxes. Policymakers who fail to account for this decrease in labor productivity risk expanding government programs beyond the economy's ability to support them.