1min snip

Planet Money cover image

Vacation, and why the U.S. takes so little of it

Planet Money

NOTE

The Impact of Income Tax on Work Incentives

Some economists believe that lower income taxes in the US incentivize people to work more compared to Europe/nThe argument is that higher income taxes in Europe discourage people from working as much/nIn the US, many people do not receive paid vacation, which further incentivizes them to work instead of taking time off/nKeeping more of one's paycheck does lead to slightly increased work effort, but the difference between Europe and the US is too small to be attributed solely to taxes

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode