Losada, Fernando Sanchez; Cardona, Daniel - Facultat d'Economia i Empresa, Universitat de Barcelona - 2005
accumulation and an unemployment benefit system. We show that if the unemployment benefit system is gross Bismarckian then the … and the employed pay a constant marginal tax rate. We also analyze when an unemployment benefit budget-balanced rule makes … unemployment rate is reduced if wage taxes are decreased (and thus payroll taxes are increased). However, if the unemployment …