We went through that a month or so ago. I don't believe any conclusion Jorgenson comes up with, after I found he was included in his compliance costs the time a guy spends doing his taxes instead of watching TV at $25/hr.
after I found he was included in his compliance costs the time a guy spends doing his taxes instead of watching TV at $25/hr.
You want to point that out in any of his IGEM studies? For it isn't there.
Business costs are quite separate from the factors associated with consumers in Jorgenson's IBEM models. They are treated as two entirely separate entities.
The only place leisure time comes into play, is how much leisure time the consumer gives up to go out and earn more so he can invest and save more tax free.