Forces Shaping Hours Worked in the OECD, 1960–2004
通过校准增长模型,发现劳动所得税率变化是影响15个OECD国家市场工作时长的主要力量,生产率追赶美国是次要力量。
The goal of this paper is to examine the role of taxes and productivity growth as forces influencing market hours. To achieve this goal, the paper considers a calibrated growth model extended to include home production and subsistence consumption, both of which are found to be key features influencing market hours. The model is simulated for 15 OECD countries. The primary force driving changes in market hours is found to be changing labor income tax rates. Productivity catch-up relative to the United States is found to be an important secondary force.