Taxation, Wage Variation, and Job Choice
研究收入税对工资随时间波动的影响，通过估计享乐工资曲线来揭示个体如何在平均工资与工资波动之间权衡，并预测降低税率会使工人选择税前平均工资略低且波动更小的工作。
This paper examines the effect of earnings taxes on wage variability over t ime. The authors estimate a "hedonic wage locus" which indicates ho w the market allows individuals to substitute the mean level of the w age for its variability across jobs. Information from this locus is u sed to estimate the parameters of individuals' indifference curves be tween the mean and temporal variation of hourly wages. On the basis o f these utility-function parameters, they predict that lowering the r ate of taxation on earnings would on average lead workers to choose j obs with slightly lower pretax mean wages and with less pretax wage v ariation. Copyright 1987 by University of Chicago Press.