MARC Record from Library of Congress

LEADER: 01938cam a22002777a 4500
001 2005616059
003 DLC
005 20050124141203.0
007 cr |||||||||||
008 050124s2004 mau sb 000 0 eng
010 $a 2005616059
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aPrescott, Edward C.
245 00 $aWhy do Americans work so much more than Europeans?$h[electronic resource] /$cEdward C. Prescott.
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2004.
490 1 $aNBER working paper series ;$vworking paper 10316
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 1/24/2005.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"Americans now work 50 percent more than do the Germans, French, and Italians. This was not the case in the early 1970s when the Western Europeans worked more than Americans. In this paper, I examine the role of taxes in accounting for the differences in labor supply across time and across countries, in particular, the effect of the marginal tax rate on labor income. The population of countries considered is that of the G-7 countries, which are the major advanced industrial countries. The surprising finding is that this marginal tax rate accounts for the predominance of the differences at points in time and the large change in relative labor supply over time with the exception of the Italian labor supply in the early 1970s. This finding has important implications for policy, in particular for making social security programs solvent"--National Bureau of Economic Research web site.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 10316.
856 40 $uhttp://papers.nber.org/papers/W10316