Taxation and the Incentive to Work: A Report Prepared for the Commission of the European Communities, Directorate-General for Employment and Social Affairs, Volume 69Monograph on economic theory and cross-sectional comparison of effects of taxation on labour supply in the UK and USA - accounts for non- linearities in the budget constraint and for measurement problems, using interview survey data and econometrics studies, discusses empirical findings, and focuses on the outcome of a negative income tax Experiment in the USA. Bibliography pp. 118 to 120 and graphs. |
Contents
The elementary theory of individual | 1 |
Nonlinearities in the budget constraint | 7 |
Measurement problems | 21 |
Copyright | |
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annual hours Ashworth and Ulph asking wage average wage rate basic rate Brown and Levin cent Chapter discussion disincentive effect dummy variable E₁ earnings econometric employment income endogeneity bias endogeneity problem equilibrium example exemption level experimental families Fields and Stanbury gross average wage H₁ household husband incentive income effect Income Maintenance Experiment increase indifference curve indirect utility function individual model intercept interview Jersey experiment kink labour supply decisions Leisure FIG less Leuthold model Levin and Ulph linearized budget constraint marginal wage rate married Masters and Garfinkel means-tested benefits Negative Income Tax non-employment income non-linear offered wage overtime premium poverty line predicted price effect price elasticity proportional tax random error reduced regressions reported Ruffell sample second job segment slope straint substitution effect substitution elasticity supply curve Table tax changes tax rate theoretical theory Type I studies Type II models University of Stirling utility function women workers zero hours