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Abstract This paper shows that a small open economy that suffers from involuntary unemployment should levy a positive source-based tax on capital income. A revenue-neutral tax reform that increases the capital tax rate and reduces the labour tax rate will induce firms to substitute labour for...
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Within an efficiency-wage framework, we study the effects of two revenue-neutral tax reforms that change the progressivity of the labor tax system. A revenue-neutral increase in both the wage tax and the tax exemption and a revenue-neutral change in the composition of labor taxation towards the...
Persistent link: https://www.econbiz.de/10004999942
According to the existing literature, capital taxes should not be imposed in the presence of optimal profit taxation in either unionized or competitive labour markets. We show that this conclusion does not hold for economies with dual labour markets where the competitive wage rate provides the...
Persistent link: https://www.econbiz.de/10005746237
When consumers choose between clean and dirty goods and the labour market clears, a green tax reform may not bring about a double dividend in the sense of increasing environmental quality and increasing employment. However, when firms choose between clean and dirty factors of production, and...
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This paper develops a model of a small open economy that produces an export good with domestic labour and imported energy and is stuck in an unemployment situation resulting from an excessive fixed net-of-tax wage rate. We study a revenue-neutral green tax reform that substitutes energy for wage...
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Soll die Zahl der Arbeitslosen in Deutschland verringert werden, müssen die Arbeitskosten deutlich gesenkt werden. Doch die historisch gewachsene Einkommensverteilung lässt sich nicht antasten, ohne den sozialen Konsens zwischen Beziehern von Arbeitseinkommen und Beziehern von Kapitaleinkommen...
Persistent link: https://www.econbiz.de/10001623608