Long-term changes in labor supply and taxes: Evidence from OECD countries, 1956-2004

Journal of Monetary Economics

Volumn 55, Issue 8, 2008, Pages 1353-1362

  Ohanian, Lee ^a,b,c   Raffo, Andrea ^d   Rogerson, Richard ^c,e  

^a UNIVERSITY OF CALIFORNIA   (United States)

^b FEDERAL RESERVE BANK OF MINNEAPOLIS   (United States)

^c NATIONAL BUREAU OF ECONOMIC RESEARCH   (United States)

^d FEDERAL RESERVE BOARD   (United States)

^e ARIZONA STATE UNIVERSITY   (United States)

Author keywords

Labor supply; Taxes; Wedges

Indexed keywords

EID: 56349143756     PISSN: 03043932     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jmoneco.2008.09.012     Document Type: Article

References (27)

1. Aguiar, M., Hurst, A.E., 2006. Measuring trends in leisure: the allocation of time over five decades. NBER Working Paper 12082.
2. Bencivenga V.R. An econometric study of hours and output variation with preference shocks. International Economic Review 33 2 (1992) 449-471
3. Blanchard O. The economic future of Europe. Journal of Economic Perspectives 18 (2004) 3-26
4. Blundell, R., Macurdy, T., 1999. Labor supply: a review of alternative approaches. In: Ashenfelter, O., Card, D. (Eds.), Handbook of Labor Economics, pp. 1559-1695.
5. Chari, V.V., Kehoe, P.J., McGrattan, E.R., 2004. Business cycle accounting. NBER Working Paper 10351.
6. Cole H., and Ohanian L.E. The U.S. and U.K. great depressions through the lens of neoclassical growth theory. American Economic Review 92 2 (2002) 28-32
7. Francis, N., Ramey, V., 2005. A century of work and leisure. Mimeo, UCSD, 2005.
8. Freeman R., and Schettkat R. Marketization of household production and the EU-US gap in work. Economic Policy 20 (2005) 6-50
9. Gali, J., Gertler, M., Lopez-Salido, J.D., 2002. Mark-ups, gaps, and the welfare cost of business fluctuations. NBER Working Paper 8850.
10. Hall R.E. Macroeconomic fluctuations and the allocation of time. Journal of Labor Economics 15 1 (1997) 223-250
11. Hansen G. Indivisibile labor and the business cycle. Journal of Monetary Economics 16 (1985) 309-337
12. Heston, A., Summers, R., Aten, B., 2006. Penn World Table Version 6.2, Center for International Comparisons of Production, Income and Prices at the University of Pennsylvania, September.
13. Ingram B., Kocherlakota N., and Savin N.E. Explaining business cycle: a multiple shock approach. Journal of Monetary Economics 34 3 (1994) 415-428
14. McDaniel, C., 2006. Effective tax rates for 15 OECD countries: 1950-2003. Mimeo, Arizona State University.
15. Mulligan, C.B., 2002. A century of labor-leisure distortions. NBER Working Paper 8774.
16. Nickell, S., Nunziata, L., 2001. Labor market institutions database. Center for Economic Performance.
17. OECD. Economic outlook, various issues.
18. OECD. Main economic indicators, various issues.
19. Ohanian, L.E., Raffo A., Rogerson, R., 2006. Long-term changes in labor supply and taxes: evidence from OECD countries, 1956-2004. NBER Working Paper #12786.
20. Parkin M. A method for determining whether parameters in aggregative models are structural. Carnegie-Rochester Conference Series on Public Policy 29 (1988) 215-252
21. Prescott E.C. Why do Americans work so much more than Europeans?. Federal Reserve Bank of Minneapolis Quarterly Review 28 1 (2004) 2-13
22. Ragan, K., 2005. Taxes, transfers and time use: fiscal policy in a household production model. Mimeo, University of Chicago.
23. Rogerson R. Taxation and market work: Is scandinavia an outlier?. Economic Theory 32 1 (2007) 59-85
24. Rogerson R. Structural transformation and the deterioration of European labor market outcomes. Journal of Political Economy 116 2 (2008) 235-259
25. Rogerson, R., McGrattan, E.R., 1998. Changes in hours worked since 1950. Quarterly Review of the Federal Rserve Bank of Minneapolis, Winter, pp. 2-19.
26. Rogerson, R., Wallenius, J. (forthcoming). Micro and macro elasticities in a life cycle model with taxes. Journal of Economic Theory, forthcoming.
27. The Conference Board and Groningen Growth and Development Centre, 2008. Total economy database, January 〈http://www.conference-board.org/economics〉.