Data for estimating the U.S. labor wedge
The after-tax labor wedge is defined as the log difference between the MRS and the MPL excluding taxes. This article introduces the data and approach that are used to estimate the U.S. after-tax labor wedge to provide empirical support for the research article entitled ''Credit Crunch, Het...
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| Format: | Article |
| Language: | English |
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Elsevier
2018-10-01
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| Series: | Data in Brief |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2352340918304815 |
| _version_ | 1817984675800416256 |
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| author | Lini Zhang |
| author_facet | Lini Zhang |
| author_sort | Lini Zhang |
| collection | DOAJ |
| description | The after-tax labor wedge is defined as the log difference between the MRS and the MPL excluding taxes. This article introduces the data and approach that are used to estimate the U.S. after-tax labor wedge to provide empirical support for the research article entitled ''Credit Crunch, Heterogeneity and the Labor Wedge'' (Zhang, 2018 (Forthcoming)) [4]. I measure the U.S. after-tax labor wedge and then decompose it into the sum of the gap between the MPL and the real wage (the MPL component) and the gap between the real wage and the MRS (the MRS component). The after-tax labor wedge and its decomposition are measured using quarterly data from 1947Q1 to 2017Q3. Keywords: Labor wedge, GDP, Business cycle, MRS, MPL |
| first_indexed | 2024-04-13T23:48:40Z |
| format | Article |
| id | doaj.art-1434ea2a214e428f9cc1ae7ca24dab24 |
| institution | Directory Open Access Journal |
| issn | 2352-3409 |
| language | English |
| last_indexed | 2024-04-13T23:48:40Z |
| publishDate | 2018-10-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Data in Brief |
| spelling | doaj.art-1434ea2a214e428f9cc1ae7ca24dab242022-12-22T02:24:13ZengElsevierData in Brief2352-34092018-10-0120562567Data for estimating the U.S. labor wedgeLini Zhang0Central University of Finance and Economics, ChinaThe after-tax labor wedge is defined as the log difference between the MRS and the MPL excluding taxes. This article introduces the data and approach that are used to estimate the U.S. after-tax labor wedge to provide empirical support for the research article entitled ''Credit Crunch, Heterogeneity and the Labor Wedge'' (Zhang, 2018 (Forthcoming)) [4]. I measure the U.S. after-tax labor wedge and then decompose it into the sum of the gap between the MPL and the real wage (the MPL component) and the gap between the real wage and the MRS (the MRS component). The after-tax labor wedge and its decomposition are measured using quarterly data from 1947Q1 to 2017Q3. Keywords: Labor wedge, GDP, Business cycle, MRS, MPLhttp://www.sciencedirect.com/science/article/pii/S2352340918304815 |
| spellingShingle | Lini Zhang Data for estimating the U.S. labor wedge Data in Brief |
| title | Data for estimating the U.S. labor wedge |
| title_full | Data for estimating the U.S. labor wedge |
| title_fullStr | Data for estimating the U.S. labor wedge |
| title_full_unstemmed | Data for estimating the U.S. labor wedge |
| title_short | Data for estimating the U.S. labor wedge |
| title_sort | data for estimating the u s labor wedge |
| url | http://www.sciencedirect.com/science/article/pii/S2352340918304815 |
| work_keys_str_mv | AT linizhang dataforestimatingtheuslaborwedge |