Showing 1 - 10 of 33
In an efficiency wage economy, lump-sum severance pay from which shirkers can be excluded raises employment. However, severance payments are usually related to wages. It is shown that earnings-related, mandated severance pay will have ambiguous employment effects if effort can be varied...
Persistent link: https://www.econbiz.de/10003355561
Decisions by firms and individuals on the extent of their tax payments have generally been treated as separate choices. Empirically, a positive relationship between corporate and personal income tax evasion can be observed. The theoretical analysis in this paper shows that a manager's decision...
Persistent link: https://www.econbiz.de/10003355568
Altruistic parents may transfer resources to their offspring by providing education, and by leaving bequests. We show that in the presence of wage taxation, a small bequest tax may improve efficiency in an overlapping-generations framework with only intended bequests, by enhancing incentives of...
Persistent link: https://www.econbiz.de/10003465882
The optimal mix of growth policies is derived within a comprehensive endogenous growth model. The analysis captures important elements of the tax-transfer system and takes into account transitional dynamics. Currently, for calculating corporate taxable income US firms are allowed to deduct...
Persistent link: https://www.econbiz.de/10003976826
Unemployment Insurance Savings Accounts (UISAs) entitle workers to unemployment benefits at the expense of future pension payments. Therefore, such accounts make unemployment less attractive, intensify job search, and raise employment. In the present paper the wage and employment consequences of...
Persistent link: https://www.econbiz.de/10003578895
Evidently, the benefit-structure of the unemployment insurance has a significant influence on profits and trade union utility. We show for a wage bargaining model that a stronger earnings relationship of unemployment benefits may reduce wages and increase employment. This raises the question as...
Persistent link: https://www.econbiz.de/10003539357
The theory of endogenous technical change has deeply contributed to our understanding of the fundamental sources of …
Persistent link: https://www.econbiz.de/10003527555
This paper analyzes the interaction between migration of high-skilled labor and publicly financed investment. We …
Persistent link: https://www.econbiz.de/10009548085
types of labor and emphasizes the distinction between migration flows and pre-existing stocks. We focus on different welfare … the effects of migration on the accumulation of both knowledge and human capital, by invoking endogenous growth theory …
Persistent link: https://www.econbiz.de/10009663906
We investigate the effects of interregional labor market integration in a two-sector, overlapping-generations model … heterogeneous welfare effects of labor market integration. Whereas individuals without residential property lose from immigration … formation depends on initial conditions at the time of labor market integration. Our model is also capable to explain the …
Persistent link: https://www.econbiz.de/10009717256