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Medientyp:
E-Book
Titel:
Do workers work more when earnings are high?
:
studies of independent contractors suggest that workers’ effort may be more responsive to wage incentives than previously thought
Beschreibung:
A fundamental question in economic policy is how labor supply responds to changes in remuneration. The responsiveness of labor supply determines the size of the employment impact and efficiency loss of progressive income taxation. It also affects predictions about the impacts of policies ranging from fiscal responses to business cycles to government transfer programs. The characteristics of jobs held by independent contractors provide an opportunity to overcome problems faced by earlier studies and help answer this fundamental question.