Estonian labor market institutions within a general equilibrium framework

The implications of the Estonian labor market policy reforms, such as changes to the minimum wage, social benefits and tax allowance, will be analysed using a simple applied general equilibrium model. The model used in the paper is from Bovenberg et al (2000), with the addition of an efficiency wage section based on Shapiro and Stiglitz (1984). The model integrates union bargaining and efficiency wage theory into a traditional CGE model framework.

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Year of publication:	2004-10-20
Authors:	Hinnosaar, Marit
Institutions:	Eesti Pank
Subject:	computable general equilibrium models \| unemployment \| lowskilled labor \| minimum wage \| benefits \| tax allowance

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Extent:	application/pdf
Series:	Bank of Estonia Working Papers.
Type of publication:	Book / Working Paper
Notes:	published Number 2004-5 41 pages
Classification:	D58 - Computable and Other Applied General Equilibrium Models ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; J32 - Nonwage Labor Costs and Benefits; Private Pensions ; J50 - Labor-Management Relations, Trade Unions, and Collective Bargaining. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005187642