Tax talk
Obviously, people are not as productive as they work longer and longer hours. It’s bad for health. It’s especially bad for women, people with families, people who have to care for elderly parents, people with children, and so forth. (My Hoover colleague Val Bolottnyy has a nice paper with Natalia Emanuel showing how overtime hurts women, even with ... See more
Tax talk
No Tax on Overtime Pay
I have a hard time keeping my equanimity on this one, because the incentives are so awful.
The natural response is, instead of working 8 hours a day 40 days a week, ask your boss to work 15 hours a day two days a week and 10 the other day. Or just go on two 20 hour shifts.
I have a hard time keeping my equanimity on this one, because the incentives are so awful.
The natural response is, instead of working 8 hours a day 40 days a week, ask your boss to work 15 hours a day two days a week and 10 the other day. Or just go on two 20 hour shifts.
Tax talk
Better, perhaps we can trade a large reduction in the taxation of savings and investment so that more people don’t need social security as a transfer program. The big social security reform should focus on making it financially possible for late middle age Americans to continue to work. Fix the incentives and you fix the money.