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labor supply and equilibrium unemployment in representative agent models. The impact of tax policy on labor market … performance depends importantly on various other labor-market institutions, such as minimum wage laws, wage bargaining, and … unemployment benefits. In non-competitive labor markets, employment declines if a higher tax burden makes the outside option (i …
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labor supply and equilibrium unemployment in representative agent models. The impact of tax policy on labor market … performance depends importantly on various other labor-market institutions, such as minimum wage laws, wage bargaining, and … unemployment benefits. In non-competitive labor markets, employment declines if a higher tax burden makes the outside option (i …
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