The Impact of Labor Taxes on Labor Supply is popular PDF and ePub book, written by Richard Rogerson in 2010-06-16, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, The Impact of Labor Taxes on Labor Supply can be Read Online from any device for your convenience.
The Impact of Labor Taxes on Labor Supply Book PDF Summary
As the Bush-era tax cuts are set to expire in 2010, ambitious health care legislation is moving through Congress, and entitlement programs are growing at unsustainable rates, U.S. policymakers face important questions about the optimal size and scope of federal spending. The federal government finances its spending through labor taxes, including taxes on income, payroll, and consumption-taxes that generate significant disincentives for employment. In Taxes, Transfers, and Labor Supply: An International Perspective, Richard Rogerson contends that the unintended consequences of increased labor taxes would be too large for policymakers to ignore. Rogerson compares fifty years of time series data from the United States and fourteen other OECD countries. He finds that a 10 percentage point increase in the tax rate on labor leads to a 10 to 15 percent decrease in hours of work. Even a 5 percent decrease in hours worked would mean a decline in labor market productivity equating to a serious recession. But, whereas recessions are temporary, changes in government spending patterns have permanent repercussions. Although government spending provides citizens with many important benefits, these benefits must be weighed against the disincentivizing effects of increased labor taxes. Policymakers who fail to account for this decrease in labor productivity risk expanding government programs beyond the economy's ability to support them.
Detail Book of The Impact of Labor Taxes on Labor Supply PDF
- Author : Richard Rogerson
- Release : 16 June 2010
- Publisher : AEI Press
- ISBN : 9780844743578
- Genre : Business & Economics
- Total Page : 129 pages
- Language : English
- PDF File Size : 11,5 Mb
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