A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Altruism, labor supply and redistributive neutrality
Abstract This paper presents a model of familial altruism in which labor supply is chosen endogenously. The model is used to address the predictions of Ricardian Equivalence, both theoretical and empirical. It is argued that, to the extent that income variation in the data comes mostly from wage and effort changes, the empirical tests of neutrality are misspecified. Numerical estimates suggest that quantitatively important deviations from neutrality may be at work.
Altruism, labor supply and redistributive neutrality
Abstract This paper presents a model of familial altruism in which labor supply is chosen endogenously. The model is used to address the predictions of Ricardian Equivalence, both theoretical and empirical. It is argued that, to the extent that income variation in the data comes mostly from wage and effort changes, the empirical tests of neutrality are misspecified. Numerical estimates suggest that quantitatively important deviations from neutrality may be at work.
Altruism, labor supply and redistributive neutrality
Fernandes, Ana (author)
2010
Article (Journal)
English
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