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Minimum Wages as a Redistributive Device in the Long Run
Economides, George; Moutos, Thomas - CESifo - 2014
This paper analyzes long run outcomes resulting from adopting a binding minimum wage in a neoclassical model with perfectly competitive labour markets and capital accumulation. The model distinguishes between workers of heterogeneous ability and capitalists who do all the saving, and it entails...
Persistent link: https://www.econbiz.de/10010960638
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Increases in Risk and the Welfare State
Eichner, Thomas; Wagener, Andreas - CESifo - 2002
According to many observers, the world is currently getting riskier along many of its dimensions. In this paper we analyse how the welfare state, i.e., social insurance that works through redistributive taxation, should deal with this trend. We distinguish between risks that can be insured by...
Persistent link: https://www.econbiz.de/10005766063
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Bringing French Public Debt Down: The Options for Fiscal Consolidation
Egert, Balazs - CESifo - 2012
France has a track record of persistent general government deficits, partly reflecting pro-cyclical fiscal policies in upswings. This has resulted in a quadrupling of its public debt-to-GDP ratio since the 1970s to above 80% of GDP. Reducing public debt is crucial because a high level of public...
Persistent link: https://www.econbiz.de/10010570047
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Native Welfare Losses from High Skilled Immigration
Kemnitz, Alexander - CESifo - 2008
unemployment insurance scheme. We show that such immigration can create a negative immigration surplus due to adverse effects on … low skilled employment, provided that fiscal redistribution is not too intense and the elasticity between high and low …
Persistent link: https://www.econbiz.de/10005406111
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Corporate Taxation and the Welfare State
Keuschnigg, Christian - CESifo - 2009
unemployment. Four main results are derived: (i) the optimal size of the welfare state depends on the degree of risk-aversion and … the unemployment rate as a measure of labor income risk. The unemployment rate partly reflects the country’s exposure to … globalization; (ii) corporate taxation and social insurance have equivalent effects on unemployment and outbound FDI; (iii) while an …
Persistent link: https://www.econbiz.de/10005406191
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Outsourcing, Unemployment and Welfare Policy
Keuschnigg, Christian; Ribi, Evelyn - CESifo - 2008
challenges the two basic functions of the welfare state, redistribution and social insurance when private unemployment insurance … welfare optimal redistribution and unemployment insurance policies. … markets are missing. The main results are: (i) outsourcing raises unemployment and labor income risk ofunskilled workers; (ii …
Persistent link: https://www.econbiz.de/10005406211
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Optimal Income Taxation with Endogenous Participation and Search Unemployment
Lehmann, Etienne; Parmentier, Alexis; Linden, Bruno Van der - CESifo - 2011
non-market activities. Search-matching frictions on the labor markets create unemployment. Wages, labor demand and …
Persistent link: https://www.econbiz.de/10008833925
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Optimal Compulsion when Behavioral Biases Vary and the State Errs
Valdés-Prieto, Salvador; Schwarzhaupt, Ursula - CESifo - 2011
When behavioral biases have varying sizes, and the State seeks to correct behavior through compulsion, the question is how to design optimal compulsion. One argument is that the amount of compulsion should rise with the size of the bias to be “cured”. A contrary argument is that since...
Persistent link: https://www.econbiz.de/10008833875
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Minimum Wages, Capital Accumulation and Worker's Incomes
Economides, George; Moutos, Thomas - CESifo - 2014
Using an intertemporal model of saving and capital accumulation we demonstrate that it is impossible for any binding minimum wage to increase the after-tax incomes of workers if the production function is Cobb-Douglas with constant returns to scale, or if there are no differences in ability...
Persistent link: https://www.econbiz.de/10010779410
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An Empirical Analysis of the Dynamics of the Welfare State: the Case of Benefit Morale
Halla, Martin; Lackner, Mario; Schneider, Friedrich - CESifo - 2009
public social expenditures and a high unemployment rate are associated with a small positive (or no) immediate impact on …
Persistent link: https://www.econbiz.de/10005051503