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Various taxes influence wage and employment outcomes in efficiency wage models. These findings are extended by … incorporating more comprehensive tax functions, additional tax parameters, union-firm wage bargaining, and balanced budget …, holding constant the level of taxes, reduce wages and increase employment. Higher level of taxes on income, labour cost and …
Persistent link: https://www.econbiz.de/10010958344
We present a model consistent with the stylized fact that "rigid Europe" has witnessed higher unemployment and a more …
Persistent link: https://www.econbiz.de/10005357874