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Tax, transfer programs explain why Western Europeans work less than Americans
Abstract: Western Europe differs from the United States not only in consumption tax, income tax and social security systems but also in the total factor productivity—a measure of productivity—for market production in which most European countries are low.
Keywords: international economics; work; taxes;
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https://www.dallasfed.org/research/economics/2023/0119
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Provider: Federal Reserve Bank of Dallas
Source: Dallas Fed Economics
Publication Date: 2023-01-19