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employment and unemployment. We use a model that features both frictions and an operative labor supply margin to examine the … robustness of this feature to the inclusion of a empirically reasonable labor supply channel. The response of unemployment to … effects of frictions on steady state employment relative to the simplest matching model, and two common extensions. We also …
Persistent link: https://www.econbiz.de/10012463397
We examine the evidence on episodes of large stances in fiscal policy, both in cases of fiscal stimuli and in that of fiscal adjustments in OECD countries from 1970 to 2007. Fiscal stimuli based upon tax cuts are more likely to increase growth than those based upon spending increases. As for...
Persistent link: https://www.econbiz.de/10012463211
This paper uses a simple model of labor supply extended to allow for home production to understand the extent to which differences in taxes can account for differences in time allocations between the US and Europe. Once home production is included, the elasticity of substitution between...
Persistent link: https://www.econbiz.de/10012464247
rely primarily on reduction of government wages and employment and cuts in transfer programs; iii) even major successful …
Persistent link: https://www.econbiz.de/10012473663
This paper deals with the international effects of taxation. Tax policies have profound effects on the temporal composition and on the intertemporal evolution of the macro economy. The analysis highlights key issues pertinent for the understanding of international effects of domestic tax...
Persistent link: https://www.econbiz.de/10012476126
The present paper argues that the correct experiment to evaluate the effects of a fiscal adjustment is the simulation of fiscal plans rather than of individual fiscal shocks. The simulation of the fiscal plans adopted by 16 OECD countries over a 30-year period supports the hypothesis that the...
Persistent link: https://www.econbiz.de/10012460328
no evident increase overall in fixed investment, and employment fell significantly in the treated provinces and sectors …. The reform reduced the total number of employees for all types of firms. For domestic firms, it reduced employment by …
Persistent link: https://www.econbiz.de/10011395531
coverage, and generated institutional change as it cemented an employment-based system of group health insurance in the United …
Persistent link: https://www.econbiz.de/10012471232
changes differed across states and show how they affected families with different numbers and ages of children and with … different family incomes. We then examine whether the changes in employment rates over time for different demographic groups and … states are consistent with a causal effect of these policies on employment. We use multiple comparison groups and two …
Persistent link: https://www.econbiz.de/10012471285
This paper characterizes the dynamic effects of shocks in government spending and taxes on economic activity in the United States in the post-war period. It does so by using a mixed structural VAR/event study approach. Identification is achieved by using institutional information about the tax...
Persistent link: https://www.econbiz.de/10012471521