Thomas Cooley, Espen Henriksen, 11 June 2018

Demographic change represents an important contributing factor to the slowdown of long-run growth. This column explores some of the channels through which this occurs and how the effects of demographic change can be mitigated. Policies that target consumption-saving choices, labour-leisure choices, and human capital accumulation over the lifecycle are likely to be most effective.

Georg Duernecker, Berthold Herrendorf, 01 May 2018

Recent research has shown that, in contrast to the prediction of basic theory, income tax increases in OECD countries have led people to spend less time working and more time on leisure activities, with little change in hours of household work. This column uses new estimates of household productivity to resolve the discrepancy between the evidence and basic theory. The OECD countries in which governments increased income taxes also tended to experience increases in the productivity of household production.

Simone Moriconi, Giovanni Peri, 19 October 2015

Unemployment rates vary widely across EU countries. While national institutions and policies explain much of the variation, cultural values, attitudes, and beliefs may also play a role. This column uses survey data from 26 EU countries to investigate the existence of culturally transmitted preferences for work. Country-specific preferences for work are found to have a positive effect on emigrants’ labour market outcomes, with those from countries with an above-average preference for work having higher employment rates abroad. Cultural preferences are significant enough that EU countries may never converge to the same employment rate.

Events

CEPR Policy Research