Redundancy payments for collective dismissals are incorporated into a Shapiro-Stiglitz model of efficiency wages. It is shown that a fixed...
Details →More progressive income taxes raise employment in models of imperfectly competitive labour markets. However, this prediction is not robust to...
Details →In order to alleviate unemployment it is often recommended to reduce social security contributions (SSC) and to compensate for the ensuing loss in...
Details →It is often argued that the quantity which is traded on the market is independent of the side of the market which is taxed. However, this assertion...
Details →In an efficiency wage economy with variable profits, a shift from payroll to employment taxes will reduce unemployment if the tax level is held...
Details →In this paper fiscal policy is examined for an open economy characterised by unemployment due to efficiency wages. We allow for capital and firm...
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