{"title":"Discussion of “Singles, Couples, Time-Averaging, and Taxation”","authors":"Richard Blundell , Eric French","doi":"10.1016/j.jmoneco.2024.103719","DOIUrl":null,"url":null,"abstract":"<div><div>This discussion comments on “Singles, Couples, Time-Averaging, and Taxation” by Hans Holter, Lars Ljungqvist, Thomas Sargent, and Serhiy Stepanchuk. This work represents an exciting new agenda, combining recent findings in the dynamic micro labor supply and retirement literature with key features of the macro environment by including general equilibrium feedback and a government budget constraint. We point to some areas where the specification could be improved but these do not detract from the key insights in this paper and the significant steps it makes toward building a coherent micro and macro framework for research on labor supply and taxation.</div></div>","PeriodicalId":48407,"journal":{"name":"Journal of Monetary Economics","volume":"150 ","pages":"Article 103719"},"PeriodicalIF":4.3000,"publicationDate":"2024-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Monetary Economics","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0304393224001727","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 0
Abstract
This discussion comments on “Singles, Couples, Time-Averaging, and Taxation” by Hans Holter, Lars Ljungqvist, Thomas Sargent, and Serhiy Stepanchuk. This work represents an exciting new agenda, combining recent findings in the dynamic micro labor supply and retirement literature with key features of the macro environment by including general equilibrium feedback and a government budget constraint. We point to some areas where the specification could be improved but these do not detract from the key insights in this paper and the significant steps it makes toward building a coherent micro and macro framework for research on labor supply and taxation.
本次讨论是对Hans Holter, Lars Ljungqvist, Thomas Sargent和Serhiy Stepanchuk的《单身,夫妻,时间平均和税收》的评论。这项工作代表了一个令人兴奋的新议程,将动态微观劳动力供给和退休文献的最新发现与宏观环境的关键特征结合起来,包括一般均衡反馈和政府预算约束。我们指出了规范可以改进的一些领域,但这些并没有减损本文的关键见解,也没有减损本文为研究劳动力供给和税收建立连贯的微观和宏观框架所采取的重要步骤。
期刊介绍:
The profession has witnessed over the past twenty years a remarkable expansion of research activities bearing on problems in the broader field of monetary economics. The strong interest in monetary analysis has been increasingly matched in recent years by the growing attention to the working and structure of financial institutions. The role of various institutional arrangements, the consequences of specific changes in banking structure and the welfare aspects of structural policies have attracted an increasing interest in the profession. There has also been a growing attention to the operation of credit markets and to various aspects in the behavior of rates of return on assets. The Journal of Monetary Economics provides a specialized forum for the publication of this research.