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Sökning: WFRF:(Rogerson Richard)

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  • Prescott, Edward C., et al. (författare)
  • Lifetime aggregate labor supply with endogenous workweek length
  • 2009
  • Ingår i: Review of Economic Dynamics. - : Elsevier. - 1094-2025. ; 12:1, s. 23-36
  • Tidskriftsartikel (refereegranskat)abstract
    • This paper studies lifetime aggregate labor supply with endogenous workweek length. Such a theory is needed to evaluate various government policies. A key feature of our model is a nonlinear mapping from hours worked to labor services. This gives rise to an endogenous workweek that can differ across occupations. The theory determines what fraction of the lifetime an individual works, not when. We find that constraints on workweek length have different consequences for total hours than for total labor services. Also, we find that policies designed to increase the length of the working life may not increase aggregate lifetime labor supply.
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  • Rogerson, Richard, et al. (författare)
  • Employment, hours per worker and taxes - A life cycle analysis
  • 2009
  • Ingår i: Annales d'Economie et de Statistique / Annals of Economics and Statistics. - : Association pour le développement de la recherché en économie et en statistique (ADRES). - 0769-489X. ; , s. 105-119
  • Tidskriftsartikel (refereegranskat)abstract
    • We build a life cycle model of labor supply in which individuals choose both the fraction of life spent in employment and hours while employed. We develop a simple graphical representation of the steady state equilibrium labor supply choice and show that a tax on labor income used to finance a lump-sum transfer leads to a reduction of labor supply along both margins. These effects are consistent with the patterns observed in cross-country data. Nous construisons un modèle d'offre de travail tout au long du cycle de vie dans lequel les individus choisissent à la fois la fraction de vie passée dans l'emploi et les heures pendant lesquelles ils travaillent. Nous développons une représentation graphique de l'équilibre stationnaire et montrons que l'impôt sur le revenu du travail utilisé pour financer un transfert forfaitaire conduit à une réduction des deux dimensions de l'offre de travail. Ces effets sont compatibles avec les tendances observées dans les données.
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  • Rogerson, Richard, et al. (författare)
  • Retirement, home production and labor supply elasticities
  • 2016
  • Ingår i: Journal of Monetary Economics. - : Elsevier: 24 months. - 0304-3932. ; 78, s. 23-34
  • Tidskriftsartikel (refereegranskat)abstract
    • A standard life cycle model with home production implies a tight relationship between key preference parameters and the changes in time allocated to home production and leisure at retirement. We derive this relationship and use data from the ATUS to explore its quantitative implications. The key finding is that the intertemporal elasticity of substitution for leisure and the elasticity of substitution between time and goods in home production are approximately equal, in contrast to what is commonly assumed.
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