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.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 2021-7
- Klassifikation
-
Wirtschaft
Macroeconomics: Consumption; Saving; Wealth
Fiscal Policy
Time Allocation and Labor Supply
Comparative Studies of Countries
Fiscal Policies and Behavior of Economic Agents: Household
- Thema
-
consumption expenditure
home production
labor supply
fiscal policy
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Fang, Lei
Yang, Fang
- Ereignis
-
Veröffentlichung
- (wer)
-
Federal Reserve Bank of Atlanta
- (wo)
-
Atlanta, GA
- (wann)
-
2021
- DOI
-
doi:10.29338/wp2021-07
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Fang, Lei
- Yang, Fang
- Federal Reserve Bank of Atlanta
Entstanden
- 2021
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