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Quadratic Utility, Labour Supply and The Welfare Effects of Tax Changes

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Author Info
Creedy, J.

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Abstract

1. Introduction 2. Labour Supply 3. The Slutsky Condition 4. Welfare Changes 4.1 The Expenditure Function 4.2 Compensating and Equivalent Variations 5. Numerical Examples 5.1 The Tax System 5.2 Utility and Labour Supply 6. Conclusions Note: This paper has now been published in: Creedy, J. (2001), Quadratic Utility, Labour Supply and the Welfare Effects of Tax Changes, Australian Journal of Labour Economics, 4, no.4, pp. 272-280.

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Publisher Info
Paper provided by The University of Melbourne in its series Department of Economics - Working Papers Series with number 774.

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Length: 16 pages
Date of creation: 2001
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Handle: RePEc:mlb:wpaper:774

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Related research
Keywords: LABOUR ; SUPPLY ; TAXES;

Other versions of this item:

Find related papers by JEL classification:
J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
I31 - Health, Education, and Welfare - - Welfare and Poverty - - - General Welfare
H22 - Public Economics - - Taxation, Subsidies, and Revenue - - - Incidence

Cited by:
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  1. John Creedy & Guyonne Kalb, 2001. "Measuring Welfare Changes With Nonlinear Budget Constraints in Continuous and Discrete Hours Labour Supply Models," Melbourne Institute Working Paper Series wp2001n09, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne. [Downloadable!]
    Other versions:
  2. John Creedy & Nicolas Hérault & Guyonne Kalb, 2007. "Comparing Welfare Change Measures with Income Change Measures in Behavioural Policy Simulations," Melbourne Institute Working Paper Series wp2007n21, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne. [Downloadable!]
    Other versions:
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