Arbeitspapier
Consumption and hours between the United States and France
We document large differences between the United States and France in allocations of consumption expenditures and time by age. Using a life-cycle model, we quantify to what extent tax and transfer programs and market and home productivity can account for the differences. We find that while labor efficiency by age and home-production productivity are crucial in accounting for the differences in the allocation of time, the consumption tax and social security are more important regarding allocation of expenditures. Adopting the U.S. consumption tax decreases welfare in France, and adopting the U.S. social security system increases welfare in France.
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Paper ; No. 2021-7
- Classification
-
Wirtschaft
Macroeconomics: Consumption; Saving; Wealth
Fiscal Policy
Time Allocation and Labor Supply
Comparative Studies of Countries
Fiscal Policies and Behavior of Economic Agents: Household
- Subject
-
consumption expenditure
home production
labor supply
fiscal policy
- Event
-
Geistige Schöpfung
- (who)
-
Fang, Lei
Yang, Fang
- Event
-
Veröffentlichung
- (who)
-
Federal Reserve Bank of Atlanta
- (where)
-
Atlanta, GA
- (when)
-
2021
- DOI
-
doi:10.29338/wp2021-07
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Fang, Lei
- Yang, Fang
- Federal Reserve Bank of Atlanta
Time of origin
- 2021
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