Sentence of the Day

From the Congressional Budget Office:

CBO estimates that the ACA [Affordable Care Act] volition bring down the full seat out of hours worked, on net, yesteryear nearly 1.5 part to 2.0 part during the stream from 2017 to 2024, almost exclusively because workers volition select to provide less labor—given the novel taxes as well as other incentives they volition confront as well as the fiscal benefits about volition receive.

Implicit inward this jurist are elasticities that mensurate how much people answer to incentives.  My feel is that CBO is typically conservative when it come upwardly to gauging these incentives effects.  So I would own got their estimate of the touching on on hours worked as a lower bound. The actual figure may live higher.


Addendum: Here is a column I wrote nearly these incentive effects v years ago.
Sumber http://gregmankiw.blogspot.com/