First published in 1981. This book reports on a decade of research
into the effects of taxation on the supply of labour. In addition
to their work in making labour supply estimates, the study explores
a number of the ways labour supply estimates can be used. When
budget constraints are non-linear it is not possible to estimate
the effects of (tax) or other policy changes from knowledge of
labour supply elasticities alone, and it is necessary to
re-estimate the original model used to derive the estimates. The
implications of labour supply estimates for the study of inequality
and optimal taxation are considered. Macro-economic models of the
economy typically omit labour supply functions or include functions
which are inconsistent with micro-economic work on labour supply.
This book will appeal to academic economists, senior students and
policy-makers in the field of public finance and labour economics,
who will find much of interest from both the theoretical and policy
standpoints.
General
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