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We evaluate three policy reforms targeted at older unemployed people: (i) an hourly wage subsidy, (ii) an in-work credit, and (iii) a subsidy of social security contributions on low wages. The work incentive, labour supply and welfare effects of these hypothetical reforms are analysed on the...
Persistent link: https://www.econbiz.de/10012779051
the one hand, wages are lowered and unemployment decreases, on the other hand, the individual labour supply decision is … progressivity is below the actual level. A decomposition approach shows that the optimal level is increased by high unemployment and …
Persistent link: https://www.econbiz.de/10010299470
, it reduces unemployment by exerting downward pressure on wages. This trade-off is quantitatively assessed using a … bargaining and involuntary unemployment. In the simulations carried out using this model, the optimal degree of tax progressivity …
Persistent link: https://www.econbiz.de/10010300518
Persistent link: https://www.econbiz.de/10001323277
Germany, as most other European countries, has been plagued by a persistently high level of long-term unemployment … since the early 1980's. In contrast, long-term unemployment is much less of a problem in the United States. One potential … reason for the different structure of unemployment relates to institutional differences in unemployment compensation systems …
Persistent link: https://www.econbiz.de/10011440778
reform on wages and unemployment. The simulation results show that general equilibrium wage reactions tend to mitigate labour …
Persistent link: https://www.econbiz.de/10011448867
Using information on desired and actual hours of work, we formulate a discrete choice model of constrained labor supply. Using the German Socio-Economic Panel and the microsimulation model STSM, we find that hours and participation elasticities are substantially smaller than those in the...
Persistent link: https://www.econbiz.de/10012023402
, it reduces unemployment by exerting downward pressure on wages. This trade-off is quantitatively assessed using a … bargaining and involuntary unemployment. In the simulations carried out using this model, the optimal degree of tax progressivity … ; tax progressivity ; optimal taxation ; collective wage bargaining ; unemployment ; microsimulation ; computable general …
Persistent link: https://www.econbiz.de/10003969884
the one hand, wages are lowered and unemployment decreases, on the other hand, the individual labour supply decision is … progressivity is below the actual level. A decomposition approach shows that the optimal level is increased by high unemployment and … ; unemployment …
Persistent link: https://www.econbiz.de/10003888037
Persistent link: https://www.econbiz.de/10003938069