| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3898 |
| DP3898 Money and the Transmission Mechanism in the Optimizing IS-LM Specification | |
| Edward Nelson | |
| 发表日期 | 2003-05-25 |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | In this Paper, we formulate and estimate a structural, static model of household labour supply and multiple welfare programme participation. Given the complicated nature of both the income tax schedule and the benefit rules for different welfare programmes, we use unique access to a very detailed micro-simulation model to generate accurate budget sets for each work-welfare combination. Moreover, when determining the budget sets, we use extraordinary high-quality data on earnings and other types of incomes, obtained both from employers and from income tax records. The results suggest that labour supply among two-parent families in Sweden is quite inelastic. A policy simulation designed to increase labour supply incentives for low income families generated substantial positive welfare effects, despite only minor increases in labour supply and decreases in welfare participation. |
| 主题 | Labour Economics |
| 关键词 | Household labour supply Welfare Microsimulation Unobserved heterogeneity |
| URL | https://cepr.org/publications/dp3898 |
| 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/532895 |
| 推荐引用方式 GB/T 7714 | Edward Nelson. DP3898 Money and the Transmission Mechanism in the Optimizing IS-LM Specification. 2003. |
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