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facilitates an analysis of how wage setting and unemployment is affected by punishment policies, which is ignored in the previous …
Persistent link: https://www.econbiz.de/10005644520
While examining the macroeconomic effects of government tax and punishment policies, this paper develops a three-sector general equilibrium model featuring matching frictions and worker-firm wage bargaining. Workers are assumed to differ in ability, and the choice of education is determined...
Persistent link: https://www.econbiz.de/10005644561
This paper investigates the impact of payroll taxes on unemployment and welfare in a model with household production … and union firm wage bargaining. It turns out that unemployment, most likely, falls with a reduced payroll tax in the …
Persistent link: https://www.econbiz.de/10005644584
and "services" are produced both in the market and within the households. We use the model to examine how unemployment and … services reduces unemployment whereas a tax cut on goods has no effect. A reform involving tax differentiation, with lower …
Persistent link: https://www.econbiz.de/10005644588
both sectors, and (iii) reduces the unemployment rate. The effect of a higher audit rate is less clear. We find that a … ambiguous impact on unemployment and real wages. …
Persistent link: https://www.econbiz.de/10005644617
This paper is concerned with social interactions and their importance for unemployment. A theoretical model is … specified in which the social and psychological costs of unemployment depend upon the unemployment level. The theoretical … analysis reveals social multiplier effects, and shows that multiple unemployment equilibria may emerge. Data on all 20- to 24 …
Persistent link: https://www.econbiz.de/10005644641