Identification of Income-leisure Preferences and Evaluation of Income Tax Policy

@inproceedings{Manski2012IdentificationOI,
  title={Identification of Income-leisure Preferences and Evaluation of Income Tax Policy},
  author={Charles F. Manski},
  year={2012}
}
The merits of alternative income tax policies depend on the population distribution of preferences for income and leisure. Standard theory, which supposes that persons want more income and more leisure, does not predict how they resolve the tension between these desires. Empirical studies of labor supply have imposed strong preference assumptions that lack foundation. This paper examines anew the problem of inference on income-leisure preferences and considers the implications for evaluation of… CONTINUE READING

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