Estimating labor supply responses using tax reforms
Article Abstract:
Labor supply directly responds to exogenous changes in wage rates and nonlabor income in United Kingdom. Of particular concern is the labor supply responses of cohabiting and married females who exhibit more flexibility in terms of work hours. The UK tax system significantly affects labor participation and work behavior of these women despite all citizens having a tax allowance. Recent tax reforms implemented in the country have dispersed pre-tax wages resulting in differences in after-tax wages and indirect taxation.
Publication Name: Econometrica
Subject: Mathematics
ISSN: 0012-9682
Year: 1998
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Labor market institutions and the distribution of wages, 1973-1992: a semiparametric approach
Article Abstract:
A semiparametric procedure was used to analyze statistical data to identify factors contributing to wage inequality in the US. The semiparametric approach uses the kernel density method on the weighted parameters to provide both a visual and quantitative analysis of factors contributing to the inequality. Results show that de-unionization and supply and demand shocks contributed significantly to the wage inequality, while a decrease in the real value of the minimum wage also contributed to the wage inequality.
Publication Name: Econometrica
Subject: Mathematics
ISSN: 0012-9682
Year: 1996
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Intertemporal nonseparability or borrowing restrictions? A disaggregate analysis using a U.S. consumption panel
Article Abstract:
Testing for liquidity constraints using the within period marginal rate of substitution condition was used to in evaluating the intertemporal Euler equation and showed that first order conditions for relevant spot and intertemporal prices can be used to detect imperfections. This allows the model to overcome its previous limitation which arises when liquidity constraints presents dependence on the variables which the consumer must act upon to form a consumption decision.
Publication Name: Econometrica
Subject: Mathematics
ISSN: 0012-9682
Year: 1996
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