Full Citation
Title: Male Labor Supply and Generational Fiscal Policy
Citation Type: Journal Article
Publication Year: 2016
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Abstract: Between 1948 and 2000, hours worked per man in the United States fell by twenty percent. Using a life cycle model of labor supply with intensive and extensive margins, we assess how much of this decline can be accounted for by changes in tax and transfer policies. We use policy measures from the generational accounting literature, capturing the lifetime fiscal burdens faced by each birth-year cohort. Changes in age demographics and fiscal policy together account for roughly half of the decline in hours worked. Policy alone explains approximately thirty percent, both in the aggregate and for different age groups.
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Authors: Vom Lehn, Christian; Gorry, Aspen; Fisher, Eric O'N
Periodical (Full): Review of Economic Dynamics
Issue:
Volume: 28
Pages: 121-149
Data Collections: IPUMS CPS
Topics: Labor Force and Occupational Structure
Countries: United States