Labour Supply

The Roles of Human Capital and The Extensive Margin

Datos Bibliográficos

ID9718487
AutoresMichael P Keane (0000-0002-3918-1377, University of Oxford and University of New South Wales), Nada Wasi (0000-0002-9886-5816, University of Michigan)
Año2016
Volumen126
Número592
Páginas578-617
Fecha de publicación2016-05-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaThe Economic Journal (JOURNAL)
Identificadores de la revistaISSN: 0013-0133 • E-ISSN: 1468-0297
EditorialOxford University Press (OUP) (PUBLISHER)
DOI10.1111/ecoj.12362
OpenAlexW2406755863
IdiomaEN
Citas recibidas6
Referencias citadas32

We specify and estimate a life-cycle labour supply model that expands on earlier work by simultaneously including human capital accumulation, saving and bequests, an active extensive margin, a realistic specification of the progressive tax structure and the Social Security system, and an accounting for private pensions and health expenditures. By incorporating all these features, we develop new insights into how taxes affect life-cycle labour supply. For instance, we find that labour supply elasticities vary in important ways with age, education and the tax structure itself. We also show how human capital affects elasticities differently on the intensive versus extensive margins

Affect (linguistics · Economics · Human capital · Labour economics · Labour supply · Margin (machine learning · Market economy · Social security · Work (physics · Financial Literacy, Pension, Retirement Analysis · Global Health Care Issues · Retirement, Disability, and Employment