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Author: | Ziliak, J. Kniesner, T. |
Title: | Estimating life cycle labor supply tax effects |
Journal: | Journal of Political Economy
1999 : APR, VOL. 107:2, p. 326-359 |
Index terms: | POLITICAL ECONOMY LABOUR SUPPLY TAXATION |
Language: | eng |
Abstract: | The authors present an econometrically tractable life cycle labor supply model for panel data including intertemporally progressive taxes on uncertain wage and nonwage incomes. The authors' two-stage fixed-effects generalized method-of-moments approach first estimates intratemporal preferences. Specification testing demonstrates the value of incorporating joint progressive taxation of labor and nonlabor incomes. |
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