Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/70732
Authors: 
Nason, James Michael
Vahey, Shaun P.
Year of Publication: 
2009
Series/Report no.: 
Working Paper, Federal Reserve Bank of Atlanta 2009-18
Abstract: 
This article contributes new time series for studying the U.K. economy during World War I and the interwar period. The time series are per capita hours worked and average tax rates of capital income, labor income, and consumption. Uninterrupted time series of these variables are provided for an annual sample that runs from 1913 to 1938. We highlight the usefulness of these time series with several empirical applications. We use per capita hours worked in a growth accounting exercise to measure the contributions of capital, labor, and productivity to output growth. The average tax rates are employed in a Bayesian model averaging experiment to reevaluate the Benjamin and Kochin (1979) regression.
Subjects: 
hours worked
average tax rates
growth accounting
Bayesian model averaging
JEL: 
E32
E62
N14
N34
N44
Document Type: 
Working Paper

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