This paper provides a theoretical and quantitative analysis of various types of wellknown employment subsidies. Two … important questions are addressed: (i) How should employment subsidies be targeted? (ii) How large should the subsidies be? We …) improve employment and welfare, (b) do not raise earnings inequality and (c) are self-financing. This criterion enables us to …

In an efficiency wage economy with variable profits, a shift from payroll to employment taxes will reduce unemployment … profits in the long-run and if tax revenues are constant. This reversal of employment effects occurs because the shift in …, the predicted employment consequences of changes in the tax structure depend on assumptions about the time-horizon and …

In an efficiency wage economy with variable profits, a shift from payroll to employment taxes will reduce unemployment … profits in the long-run and if tax revenues are constant. This reversal of employment effects occurs because the shift in …, the predicted employment consequences of changes in the tax structure depend on assumptions about the time-horizon and …

In an efficiency wage economy with variable profits, a shift from payroll to employment taxes will reduce unemployment … profits in the long-run and if tax revenues are constant. This reversal of employment effects occurs because the shift in …, the predicted employment consequences of changes in the tax structure depend on assumptions about the time-horizon and …

a “New Freedom Budget” for full employment based on the principles of functional finance. To counter a major obstacle to …

to maintain full employment with or without inflation. 2) If the initial savings is negative (or investment of private … payments is necessary to maintain full employment under constant prices …

and transfers reduces fluctuations in consumption, employment, and private and public after-tax real wages, thus bringing …