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Market Work, Home Work and Taxes: A Cross Country Analysis / Richard Rogerson.
- Format:
- Book
- Author/Creator:
- Rogerson, Richard.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w14400.
- NBER working paper series no. w14400
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Market Work, Home Work and Taxes
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2008.
- Summary:
- This paper uses a simple model of labor supply extended to allow for home production to understand the extent to which differences in taxes can account for differences in time allocations between the US and Europe. Once home production is included, the elasticity of substitution between consumption and leisure is almost irrelevant in determining the response of market hours to higher taxes. But to account for observed differences in leisure and time spent in home production, one requires a large elasticity of substitution between consumption and leisure, and a small elasticity of substituion betwen time and goods in home production.
- Notes:
- Print version record
- October 2008.
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