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dc.contributor.authorHamermesh, Daniel S.en_US
dc.contributor.authorSlemrod, Joelen_US
dc.description.abstractA large literature examines the addictive properties of such behaviors as smoking, drinking alcohol and eating. We argue that for some people addictive behavior may apply to a much more central aspect of economic life: working. Workaholism is subject to the same concerns about the individual as other addictions, is more likely to be a problem of higher-income individuals, and can, under conditions of jointness in the workplace or the household, generate negative spillovers onto individuals around the workaholic. Using the Retirement History Survey and the Panel Study of Income Dynamics, we find evidence that is consistent with the idea that high-income, highly educated people suffer from workaholism with regard to retiring, in that they are more likely to postpone earlier plans for retirement. The theory and evidence suggest that optimal policy involves a more progressive tax system than in the absence of workaholism.en_US
dc.publisherInstitute for the Study of Labor (IZA) Bonnen_US
dc.relation.ispartofseriesIZA Discussion Papers 1680en_US
dc.subject.keywordlabor supplyen_US
dc.subject.keywordtax policyen_US
dc.titleThe economics of workaholism: we should not have worked on this paperen_US
dc.typeWorking Paperen_US
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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