haku: @author Pissarides, C. A. / yhteensä: 15
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| Tekijä: | Pissarides, C. A. |
| Otsikko: | The impact of employment tax cuts on unemployment and wages: The role of unemployment benefits and tax structure |
| Lehti: | European Economic Review
1998 : JAN, VOL. 42:1, p. 155-183 |
| Asiasana: | EMPLOYMENT TAX UNEMPLOYMENT PAY |
| Kieli: | eng |
| Tiivistelmä: | The effects of employment tax cuts on unemployment and wages are simulated in the paper. Four equilibrium models are used : Competitive, union bargaining, search and efficiency wages It is found that if the ratio of unemployment compensation to wages is fixed, the effect of the tax cut is mainly on wages. Yet, if income out of work is fixed in real terms, there are substantial employment effects. When wages are determined by bargaining, revenue-neutral reforms that make the tax more progressive also reduce unemployment. Thus, policy towards unemployment compensation and tax structure are key influences on the effect of taxes on unemployment. |
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