Taxes , transfers and employment in an incomplete markets model

@inproceedings{AlonsoOrtiz2010TaxesT,
  title={Taxes , transfers and employment in an incomplete markets model},
  author={Jorge Alonso-Ortiz and Richard Rogerson},
  year={2010}
}
The consequences of increases in the scale of tax and transfer programs are assessed in the context of a model with idiosyncratic productivity shocks and incomplete markets. The effects are contrasted with those obtained in a stand-in household model featuring no idiosyncratic shocks and complete markets. The main finding is that the impact on hours remains very large, but the welfare consequences are very different. The analysis also suggests that tax and transfer policies have large effects… CONTINUE READING

References

Publications referenced by this paper.
SHOWING 1-10 OF 18 REFERENCES

Long-term changes in labor supply and taxes: evidence from OECD countries, 1956–2004

  • L. Ohanian, A. Raffo, R. Rogerson
  • Journal of Monetary Economics
  • 2008
Highly Influential
3 Excerpts

Taxes, benefits, and careers: complete versus incomplete markets

  • M. Woodford
  • NBER Macroeconomics Annual,
  • 2008

The effect of health , wealth and wages on labour supply and retirement behavior

  • J. Heathcote, K. Storesletten, G. Violante
  • Review of Economic Studies
  • 2005

The effect of health, wealth and wages on labour supply and retirement behavior. Review of Economic Studies

  • E. French
  • Mimeo, NYU. Huggett, M.,
  • 2005
1 Excerpt

Similar Papers

Loading similar papers…