TY  - JOUR
AU  - Ohanian,Lee
AU  - Raffo,Andrea
AU  - Rogerson,Richard
TI  - Long-Term Changes in Labor Supply and Taxes: Evidence from OECD Countries, 1956-2004
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 12786
PY  - 2006
Y2  - December 2006
UR  - http://www.nber.org/papers/w12786
L1  - http://www.nber.org/papers/w12786.pdf
N1  - Author contact info:
Lee E. Ohanian
8283 Bunche Hall
UCLA, Department of Economics
Box 951477
Los Angeles, CA  90095
Tel: 310/825-0979
Fax: 310/825-9528
E-Mail: ohanian@econ.ucla.edu

Andrea Raffo
Economist
Board of Governors of the Federal Reserve System
20th & C St, NW
Washington DC 20551
E-Mail: andrea.raffo@frb.gov

Richard Rogerson
Woodrow Wilson School of
Public and International Affairs
323 Bendheim Hall
Princeton University
Princeton, NJ 08544
Tel: 609-258-4839
Fax: 609-258-5349
E-Mail: rdr@princeton.edu
M2  - featured in NBER digest on 2007-05-01
AB  - We document large differences in trend changes in hours worked across OECD countries over the period 1956-2004. We then assess the extent to which these changes are consistent with the intratemporal first order condition from the neoclassical growth model. We find large and trending deviations from this condition, and that the model can account for virtually none of the changes in hours worked. We then extend the model to incorporate observed changes in taxes. Our findings suggest that taxes can account for much of the variation in hours worked both over time and across countries.
ER  -