unemployment. The public sector is decomposed into general government and an unfunded pension system with a tax benefit linkage … society. We find that lowering the pension replacement rate and increasing the retirement age can have strong labor market … effects. They strengthen labor supply both in terms of job search intensity, leading to lower unemployment rates, and hours …

five margins of labor supply: labor market participation, hours worked, job search, retirement, and on-the-job training. A … passive fiscal strategy would be very costly. A comprehensive reform, including an increase in the retirement age to 68 years …

In comparing the impact of corporate taxation and social insurance on foreign direct investment (FDI) and unemployment … unemployment rate and the excess burden of labor taxes. Unemployment partly reflects the country's exposure to globalization; (ii …) corporate taxation and social insurance can have equivalent effects on unemployment and outbound FDI; (iii) while an increase in …