Government Policy and Labor Supply with Myopic or Targeted Savings Decisions

Louis Kaplow

NBER Working Paper No. 21109
Issued in April 2015

---- Acknowledgments ----

Harvard University and National Bureau of Economic Research. I thank Jeffrey Brown for comments, Andrea Lowe for research assistance, and Harvard University’s John M. Olin Center for Law, Economics, and Business for financial support. More formal analysis of much of part II’s treatment of myopia appears in Kaplow (2006, 2015) and of part III’s examination of targeted savings in Kaplow (2011). Those analyses and the current essay grew out of my work on the chapters addressing capital taxation and social security in Kaplow (2008), which also addresses additional subjects, some related to those examined here. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research. Louis Kaplow occasionally consults on antitrust cases, and his spouse is in the legal department of a financial services firm.

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