| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w0221 |
| 来源ID | Working Paper 0221 |
| Taxation and Aggregate Factor Supply: Preliminary Estimates | |
| Michael J. Boskin; Lawrence J. Lau | |
| 发表日期 | 1977-12-01 |
| 出版年 | 1977 |
| 语种 | 英语 |
| 摘要 | This paper extends the analysis of aggregate factor supply to a model which accounts simultaneously for the consumption/saving and labor/leisure choices. A translog utility maximization model is used to derive the set of consumption and leisure demand equations; these in turn are estimated on U.S. aggregate time series data. The empirical results are striking: we estimate (quite precisely) substantial own and cross price elasticities for current and future consumption and labor supply. The implied interest elasticity of saving is approximately 0.4.The results suggest that previous studies of labor supply and/or consumption which have ignored cross-price effects are mis-specified. We also strongly reject the hypothesis that implicit social security had no effect on factor supply. |
| URL | https://www.nber.org/papers/w0221 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/557408 |
| 推荐引用方式 GB/T 7714 | Michael J. Boskin,Lawrence J. Lau. Taxation and Aggregate Factor Supply: Preliminary Estimates. 1977. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w0221.pdf（166KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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