Collective household labor supply: nonparticipation and income taxation |
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| Institution: | 1. European University Institute, Florence, Italy;2. Institute for International Economic Studies (IIES), Stockholm University, 10691 Stockholm, Sweden;3. CESifo, Munich, Germany;4. Bocconi University and IGIER, Italy;5. IFS, United Kingdom;6. CEPR, United Kingdom;1. University of Bologna, Italy;2. Toulouse School of Economics, University of Toulouse Capitole, France;3. University of Augsburg, Germany;1. Department of Economics, University College London, United Kingdom;2. Department of Economics, University of Chicago, United States;3. Institute for Fiscal Studies, United Kingdom;4. Research Department, Statistics Norway, Norway;1. Department of Management, Technology and Economics, ETH Zurich, Switzerland;2. Stanford University, SIEPR, NBER and CEPR, USA |
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| Abstract: | In this paper, we adopt the usual assumptions of the collective approach, i.e., individualism and efficiency, to study household labor supply. The theoretical innovation is 2-fold. First, we incorporate the decision to participate in the labor market in the initial setting. Second, we abandon the assumption of linearity of the budget constraint. We show that (i) structural elements such as preferences or the outcome of the decision process can be recovered, and (ii) testable restrictions are generated from the observation of the household labor supplies. We also examine, for this model, how to simulate the incidence of fiscal reforms. |
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