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Labour Supply: The Roles of Human Capital and The Extensive Margin

Abstract:

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 e...

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Publication status:
Published
Peer review status:
Peer reviewed
Version:
Accepted manuscript

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Publisher copy:
10.1111/ecoj.12362

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Department:
Oxford, SSD, Economics
Role:
Author
Alfred P. Sloan Foundation More from this funder
ARC Centre of Excellence in Population Aging Research More from this funder
Publisher:
Wiley Publisher's website
Journal:
Economic Journal Journal website
Volume:
126
Issue:
592
Pages:
578-617
Publication date:
2016-05-23
Acceptance date:
2016-01-01
DOI:
EISSN:
0013-0133
ISSN:
1468-0297
Pubs id:
pubs:657827
URN:
uri:fcb9b6f5-edb0-4847-a0e4-9d0addb88788
UUID:
uuid:fcb9b6f5-edb0-4847-a0e4-9d0addb88788
Local pid:
pubs:657827
Paper number:
592

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