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Differences in hours worked in the OECD: institutions or fiscal policies?

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Abstract
We study the determinants of the level and the evolution of per capita hours worked in a panel of OECD countries since the 1970s. Following Pesaran (2006), our empirical strategy allows for the possibility of cross-sectionally correlated error terms due to unobserved common factors, which are potentially nonstationary. We find that much of the variation in per capita hours worked across countries and over time can be explained by differences in the level and structure of taxes and government expenditures. Differences in (the evolution of) labor and product market institutions have much less of a role to play. Our results show that a careful treatment of the time-series properties of the data is crucial.
Keywords
TAXES, EMPLOYMENT, TAXATION, LABOR, EUROPEAN UNEMPLOYMENT, GROWTH, PANELS, TESTS, 1960S, hours worked, taxes, government expenditures, labor market institutions, panel data

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Citation

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MLA
Berger, Tino, and Freddy Heylen. “Differences in Hours Worked in the OECD: Institutions or Fiscal Policies?” JOURNAL OF MONEY CREDIT AND BANKING 43.7 (2011): 1333–1369. Print.
APA
Berger, T., & Heylen, F. (2011). Differences in hours worked in the OECD: institutions or fiscal policies? JOURNAL OF MONEY CREDIT AND BANKING, 43(7), 1333–1369.
Chicago author-date
Berger, Tino, and Freddy Heylen. 2011. “Differences in Hours Worked in the OECD: Institutions or Fiscal Policies?” Journal of Money Credit and Banking 43 (7): 1333–1369.
Chicago author-date (all authors)
Berger, Tino, and Freddy Heylen. 2011. “Differences in Hours Worked in the OECD: Institutions or Fiscal Policies?” Journal of Money Credit and Banking 43 (7): 1333–1369.
Vancouver
1.
Berger T, Heylen F. Differences in hours worked in the OECD: institutions or fiscal policies? JOURNAL OF MONEY CREDIT AND BANKING. 2011;43(7):1333–69.
IEEE
[1]
T. Berger and F. Heylen, “Differences in hours worked in the OECD: institutions or fiscal policies?,” JOURNAL OF MONEY CREDIT AND BANKING, vol. 43, no. 7, pp. 1333–1369, 2011.
@article{1973776,
  abstract     = {We study the determinants of the level and the evolution of per capita hours worked in a panel of OECD countries since the 1970s. Following Pesaran (2006), our empirical strategy allows for the possibility of cross-sectionally correlated error terms due to unobserved common factors, which are potentially nonstationary. We find that much of the variation in per capita hours worked across countries and over time can be explained by differences in the level and structure of taxes and government expenditures. Differences in (the evolution of) labor and product market institutions have much less of a role to play. Our results show that a careful treatment of the time-series properties of the data is crucial.},
  author       = {Berger, Tino and Heylen, Freddy},
  issn         = {0022-2879},
  journal      = {JOURNAL OF MONEY CREDIT AND BANKING},
  keywords     = {TAXES,EMPLOYMENT,TAXATION,LABOR,EUROPEAN UNEMPLOYMENT,GROWTH,PANELS,TESTS,1960S,hours worked,taxes,government expenditures,labor market institutions,panel data},
  language     = {eng},
  number       = {7},
  pages        = {1333--1369},
  title        = {Differences in hours worked in the OECD: institutions or fiscal policies?},
  url          = {http://dx.doi.org/10.1111/j.1538-4616.2011.00427.x},
  volume       = {43},
  year         = {2011},
}

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