| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP275 |
| DP275 The Poverty Trap and the Laffer Curve: What Can the GHS Tell Us? | |
| Patrick Minford; Paul Ashton | |
| 发表日期 | 1988-12-01 |
| 出版年 | 1988 |
| 语种 | 英语 |
| 摘要 | Budget constraints are drawn up for annual hours and net pay, typically composed of two linear segments: 'benefit-constrained', where extra work forfeits benefit and 'normal', where extra work is subject to the standard marginal tax rate. There are additional linear segments for those on upper tax rates. By ordering males according to the ratio of their maximum net earning power to that when totally unemployed, we establish the appropriate cut-off point for the poverty trap and upper rate segments, from which we estimate labor supply responses to slope and intercept variables. The results suggest high substitution elasticities for those who experienced unemployment during the previous year and those on higher incomes; for average employed men the elasticity was quite l. |
| 关键词 | Labour supply Poverty Tax rates Unemployment |
| URL | https://cepr.org/publications/dp275 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529439 |
| 推荐引用方式 GB/T 7714 | Patrick Minford,Paul Ashton. DP275 The Poverty Trap and the Laffer Curve: What Can the GHS Tell Us?. 1988. |
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