Universität zu Köln

Berger, Tino and Heylen, Freddy (2011). Differences in Hours Worked in the OECD: Institutions or Fiscal Policies? J. Money Credit Bank., 43 (7). S. 1333 - 1370. HOBOKEN: WILEY. ISSN 1538-4616

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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.

Item Type:	Journal Article
Creators:	Creators Email ORCID ORCID Put Code Berger, Tino UNSPECIFIED UNSPECIFIED UNSPECIFIED Heylen, Freddy UNSPECIFIED UNSPECIFIED UNSPECIFIED
URN:	urn:nbn:de:hbz:38-487865
DOI:	10.1111/j.1538-4616.2011.00427.x
Journal or Publication Title:	J. Money Credit Bank.
Volume:	43
Number:	7
Page Range:	S. 1333 - 1370
Date:	2011
Publisher:	WILEY
Place of Publication:	HOBOKEN
ISSN:	1538-4616
Language:	English
Faculty:	Unspecified
Divisions:	Unspecified
Subjects:	no entry
Uncontrolled Keywords:	Keywords Language EUROPEAN UNEMPLOYMENT; LABOR; TAXATION; TAXES; PANELS; TESTS; 1960S Multiple languages Business, Finance; Economics Multiple languages
URI:	http://kups.ub.uni-koeln.de/id/eprint/48786