Edward C. Prescott Quotes:
Ocupation: Economist
Life: b. December 26, 1940
Birthday: December 26
I find it remarkable that virtually all of the large difference in labor supply between France and the United States is due to differences in tax systems. I expected institutional constraints on the operation of labor markets and the nature of the unemployment benefit system to be more important. I was surprised that the welfare gain from reducing the intratemporal tax wedge is so large.
topic: Differences, Important, United States, Unemployment Benefits
