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Green tax reform is unpopular because, typically, the poor are hurt most by the higher prices of carbon-intensive commodities. If revenues from a carbon tax are recycled, it may be feasible to gain popular support for green tax reform. To investigate this, we estimate an EASI demand system from...
Persistent link: https://www.econbiz.de/10012668336
Heterogeneous-agent New Keynesian models with sticky nominal wages usually assume that wage-setting unions demand the …, wages and inflation to monetary policy shocks becomes notably less pronounced. This attenuation reflects that hours worked … modification substantially lowers the effective stickiness of nominal wages, resulting in markedly different wage and inflation …
Persistent link: https://www.econbiz.de/10014467926
The two perhaps most influential empirical labor supply studies carried out in the U.S. in recent years, Hausman (1981) and MaCurdy, Green & Paarsch (1990), report sharply contradicting labor supply estimates. In this paper we seek to uncover the driving forces behind the seemingly...
Persistent link: https://www.econbiz.de/10011588563
the main accent still lies on the development of theory. The novelty of this paper is that we empirically estimate the two … wages; (3) Although thcre are significant individual variations on average the power distribution in two-earner families is …
Persistent link: https://www.econbiz.de/10011346466
We study the role of fertility adjustments for the labor market responsiveness of men and women. First, we use longitudinal Danish register data and tax reforms from 2009 to provide new empirical evidence on asymmetric fertility adjustments to tax changes of men and women. Second, we quantify...
Persistent link: https://www.econbiz.de/10013205307
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percent). Thus, the incentives to work are strongly impaired. The downward adjustment of wages for low skilled workers was …
Persistent link: https://www.econbiz.de/10011495535
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