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In this study the social security earnings test is shown to have a significant effect empirically on the labor supply of retirement aged men. A rich data file from the Social Security Administration containing accurate benefit information provides a cross- section sample of 65-70 year old...
Persistent link: https://www.econbiz.de/10012478877
In an earlier paper we analyzed a method of combining traditional tax financed pay-as-you-go Social Security benefits with annuities financed by Personal Retirement Accounts. We showed that such a combination could maintain the level of retirement income projected in current Social Security law...
Persistent link: https://www.econbiz.de/10012470983
This paper considers both theoretical quest ions and empirical measures of the effects of various policies of income and payroll taxation on labor supply. It emphasizes deadweight loss as the correct criterion of taxation evaluation, rather than merely output effects. Distributional issues are...
Persistent link: https://www.econbiz.de/10012478515
This paper estimates the effect of payroll tax cuts on firm activity during economic downturns. We use two regional payroll tax cuts in Finland as well as the onset of the Great Recession to estimate the effect of the recession on firms treated by the payroll tax cuts compared to a similar...
Persistent link: https://www.econbiz.de/10012481340
In this paper we theoretically and empirically examine the common, but previously unexamined, case of a firm-varying tax which is used to finance a fringe benefit. While we use data from the experience-rated unemployment insurance (UI) system, it is important to realize that differential...
Persistent link: https://www.econbiz.de/10012473676
Alternative work arrangements have grown rapidly around the world. In Latin America, these alternative work arrangements have long been part of the labor market and have continued to grow. The informal sector grew rapidly in Latin America over the past few decades comprising up to half of the...
Persistent link: https://www.econbiz.de/10012455373
Balance-sheet repair drove the response of a significant fraction of households to fiscal stimulus following the Great Recession. By combining survey, behavioral, and time-series evidence on the 2011 payroll tax cut and its expiration in 2013, this papers identifies and analyzes households who...
Persistent link: https://www.econbiz.de/10012457447
Studies of public/private sector wage differentials typically assume that the govenment and union status of a worker …. Consistent wage equation estimates are then derived using a generalization of the now familiar two-step estimation procedure … selection effects produces larger union wage premiumsin the public as compared to the private sector. While this is in contrast …
Persistent link: https://www.econbiz.de/10012477154
Between 1940 and 1950 wage differentials within and between labor market groups narrowed significantly - the so …-called 'Great Compression'. This paper disaggregates the Great Compression into its public and private components. Wage compression … of aggregate wage compression in the 1940s. The experience of the 1940s stands in stark contrast with that of the past …
Persistent link: https://www.econbiz.de/10012473478
The wage structure in the U.S. public sector responded sluggishly to substantial changes in private sector wages during … the 1970s and 1980s. Despite a large expansion in the college/high school wage differential during the 1980s in the … private sector, the public sector college wage premium remained fairly stable. Although wage differentials by skill, in the …
Persistent link: https://www.econbiz.de/10012475349