The Effects of Taxes on Labor in a Dynamic Efficiency Wage Model PDF Download
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Author: Joao Ricardo Faria
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
This paper studies the impact of wage and employment taxes in an intertemporal efficiency wage model. The cases with fixed, linear and quadratic adjustment costs associated with job creation are considered. In general, the model shows that an increase in the employment tax leads to an increase in unemployment, reducing job creation, and has ambiguous effect on wages. While an increase in the wage tax reduces wages and has ambiguous impact on unemployment and job creation.
Author: Joao Ricardo Faria
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
This paper studies the impact of wage and employment taxes in an intertemporal efficiency wage model. The cases with fixed, linear and quadratic adjustment costs associated with job creation are considered. In general, the model shows that an increase in the employment tax leads to an increase in unemployment, reducing job creation, and has ambiguous effect on wages. While an increase in the wage tax reduces wages and has ambiguous impact on unemployment and job creation.
Author: Giuseppe Pisauro
Publisher:
ISBN:
Category : Efficiency wage theory
Languages : en
Pages : 44
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Book Description
Author: Zhongzheng Lin
Publisher:
ISBN:
Category : Labor market
Languages : en
Pages : 32
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Book Description
Author: Laszlo Goerke
Publisher: Springer Science & Business Media
ISBN: 1461507871
Category : Business & Economics
Languages : en
Pages : 308
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Book Description
This chapter has set out in detail the models which are employed below in order to analyse the labour market effects of changes in tax rates and in alterations in the tax structure. The fundamental mechanisms underlying the different approaches have been pointed out. Moreover, vital assumptions have been emphasised. By delineating the models which are used for the subsequent analyses, implicitly statements have also been made about topics or aspects which this study does not cover. For example, all workers and firms are identical ex ante. However, ex-post differences are allowed for, inter alia, if unemploy ment occurs or if some firms have to close down. These restrictions indicate areas of future research insofar as that the findings for homogeneous workers or firms yield an unambiguous proposal for changes in tax rates or the tax structure in order to promote employment. This is because it would be desir able for tax policy to know whether the predicted effects also hold in a world with ex-ante heterogeneity. Furthermore, the product market has not played a role. Therefore, repercussions from labour markets outcomes on product demand - and vice versa - are absent. 55 Moreover, neither the process of capital accumulation, be it physical or human capital, nor substitution pos sibilities between labour and capital in the firms' production function are taken into account. Finally, international competition is not modelled.
Author: Christopher A. Pissarides
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 52
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Book Description
Author: Laszlo Goerke
Publisher:
ISBN:
Category :
Languages : en
Pages : 24
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Book Description
Author: Juin-jen Chang
Publisher:
ISBN:
Category : Tax incidence
Languages : en
Pages : 32
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Book Description
Author: Zhongzheng Lin
Publisher:
ISBN:
Category : Economic
Languages : en
Pages : 32
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Book Description
Author: Bo Sandemann Rasmussen
Publisher:
ISBN:
Category : Payroll tax
Languages : en
Pages : 9
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Book Description
Author: Pierre-Richard Agénor
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 50
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Book Description
The paper analyzes the role of labor market segmentation and relative wage rigidity in the transmission process of macroeconomic shocks in a two-sector optimizing model of a small open economy. The analysis is first conducted in the context of perfect intersectoral labor mobility. The discussion is then extended to consider the existence of short-run constraints on labor movements. The results highlight the role of efficiency considerations in the behavior of sectoral wages. A deflationary policy induces a reallocation of labor across sectors, but has no long-run effect on the unemployment rate.
