Productivity, Taxes, and Hours Worked in Spain: 1970–2015 / Juan Carlos Conesa, Timothy J. Kehoe.

By:

Conesa, Juan Carlos

Contributor(s):

Material type: Text

TextSeries: Working Paper Series (National Bureau of Economic Research) ; no. w23592.Publication details: Cambridge, Mass. National Bureau of Economic Research 2017.Description: 1 online resource: illustrations (black and white)Subject(s):

Online resources:

Available additional physical forms:

Hardcopy version available to institutional subscribers

Abstract: In the early 1970s, hours worked per working-age person in Spain were higher than in the United States. Starting in 1975, however, hours worked in Spain fell by 40 percent. We find that 80 percent of the decline in hours worked can be accounted for by the evolution of taxes in an otherwise standard neoclassical growth model. Although taxes play a crucial role, we cannot argue that taxes drive all of the movements in hours worked. In particular, the model underpredicts the large decrease in hours in 1975-1986 and the large increase in hours in 1994-2007. The lack of productivity growth in Spain during 1994-2015 has little impact on the model's prediction for hours worked.

Tags from this library: No tags from this library for this title. Log in to add tags.

Average rating: 0.0 (0 votes)

Holdings
Item type	Home library	Collection	Call number	Status	Date due	Barcode	Item holds
Working Paper	Biblioteca Digital	Colección NBER	nber w23592 (Browse shelf(Opens below))	Not For Loan

Total holds: 0

Collection: Colección NBER Close shelf browser (Hides shelf browser)

Previous	No cover image available	No cover image available	No cover image available	No cover image available	No cover image available	No cover image available	No cover image available	Next
Previous	nber w2359 Integrated Regressors and Tests of the Permanent Income Hypothesis /	nber w23590 Why Do Defaults Affect Behavior? Experimental Evidence from Afghanistan /	nber w23591 Even the Representative Agent Must Die: Using Demographics to Inform Long-Term Social Discount Rates /	nber w23592 Productivity, Taxes, and Hours Worked in Spain: 1970–2015 /	nber w23593 Towards a Political Theory of the Firm /	nber w23594 Educational Impacts and Cost-Effectiveness of Conditional Cash Transfer Programs in Developing Countries: A Meta-Analysis /	nber w23595 Margins of Labor Market Adjustment to Trade /	Next

July 2017.

In the early 1970s, hours worked per working-age person in Spain were higher than in the United States. Starting in 1975, however, hours worked in Spain fell by 40 percent. We find that 80 percent of the decline in hours worked can be accounted for by the evolution of taxes in an otherwise standard neoclassical growth model. Although taxes play a crucial role, we cannot argue that taxes drive all of the movements in hours worked. In particular, the model underpredicts the large decrease in hours in 1975-1986 and the large increase in hours in 1994-2007. The lack of productivity growth in Spain during 1994-2015 has little impact on the model's prediction for hours worked.