| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w10138
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| 来源ID | Working Paper 10138
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| Regeneration, Labour Supply and the Welfare Costs of Taxes |
| Edgar Cudmore; John Whalley
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| 发表日期 | 2003-12-08
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| 出版年 | 2003
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| 语种 | 英语
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| 摘要 | This paper sets out alternatives to the traditional model of labour supply used to analyse the welfare costs of income and/or sales taxes when preferences are defined over goods and leisure and the market wage yields the slope of the budget constraint. The innovation in our work is to assume that some or all of non market time is used to regenerate the productivity of labour through rest and relaxation. This model has no closed form solution, but we can work with the first order conditions numerically for specific functional forms using non linear solution software. We generate a number of alternative parameterizations of this model through a series of calibrations to the same synthetic base case data set. Across the resulting parameterizations the welfare costs of taxes vary substantially (by a factor of twenty fold in some counterfactual analyses), even though they all involve calibration to the same base case data and labour supply elasticity. These results thus suggest that a small and seemingly plausible departure from a standard model (even if not in closed form) that has dominated the economic literature for many years can yield substantial change for perspectives on policy interventions. |
| 主题 | Public Economics
; Taxation
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| URL | https://www.nber.org/papers/w10138
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/567766
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推荐引用方式
GB/T 7714 |
Edgar Cudmore,John Whalley. Regeneration, Labour Supply and the Welfare Costs of Taxes. 2003.
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文件名：
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w10138.pdf
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格式：
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Adobe PDF
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