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Presumably, people know that they will be making less after taxes per marginal hour worked, and hence choose to spend their time with family, on hobbies, etc. i
by tgb 10y ago
Presumably, people know that they will be making less after taxes per marginal hour worked, and hence choose to spend their time with family, on hobbies, etc. instead of at work. (Though I think this is reading too far into the data given.)
- wccrawford 10y agoI don't know that I can buy that. At least in the US, many people who work that many hours are salaried, so the extra hours don't mean any extra wages, and they still work those hours. The pressures of the job force them into it, not the economics.