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Using high-frequency Italian administrative data, the author studies the heterogeneous effects of a reform raising the normal retirement age (NRA) from 60 years to 65 years for private-sector male employees. The analysis, based on a difference-in-differences (DD) method, shows that the NRA raise...
Persistent link: https://www.econbiz.de/10012815174
In labour markets with collective wage bargaining higher progressivity of the labour income tax creates a trade-off. On the one hand, wages are lowered and unemployment decreases, on the other hand, the individual labour supply decision is distorted at the hours-of-work margin. The optimal level...
Persistent link: https://www.econbiz.de/10003888037
Changing the income tax progressivity in labour markets with collective wage bargaining generates a trade-off. On the one hand, higher progressivity distorts individual labour supply decisions at the hours-of-work margin, on the other hand, it reduces unemployment by exerting downward pressure...
Persistent link: https://www.econbiz.de/10003969884
In the economic policy debate, income tax progressivity is mostly seen as a means of redistribution. The more progressive the tax, the more redistribution from the rich to the poor. However, high tax progressivity also means high marginal tax rates for those with a high income, which leads to...
Persistent link: https://www.econbiz.de/10014201134
Changing the income tax progressivity in labour markets with collective wage bargaining generates a trade-off. On the one hand, higher progressivity distorts individual labour supply decisions at the hours-of-work margin, on the other hand, it reduces unemployment by exerting downward pressure...
Persistent link: https://www.econbiz.de/10013142210
The crisis has deepened pre-existing concerns regarding low-wage and non-standard employment. Countries where unemployment increased most strongly during the crisis period also saw part-time employment increasing, particularly involuntary part-time work. With involuntary part-time workers, as a...
Persistent link: https://www.econbiz.de/10011660092
The aim of this paper is to analyse the efect of job insecurity on labour supply. We propose an extension of traditional discrete choice models of labour supply in order to allow for the introduction of non-pecuniary job attributes in the analysis. In our extended model, the choice alternatives...
Persistent link: https://www.econbiz.de/10009792509
This paper investigates the reservation wages of unemployed persons on the basis of a job-search model with non-static reservation wages using panel data from Germany from 1987 to 1998. The results suggest that reservation wages are relatively high in Germany compared to other countries....
Persistent link: https://www.econbiz.de/10011474420
This paper studies the reservation wages of unemployed persons and the wages offered them in Germany from 1987 to 1998, whereby special focus is placed on unemployment duration. The results of the study indicate that in contrast to reservation wages, offered wages decline considerably with...
Persistent link: https://www.econbiz.de/10011474648
Economic theory suggests that when a primary earner within a couple loses their job, one potential response is for the secondary earner to seek additional paid work to bolster their household finances. Yet, the empirical quantitative evidence regarding any such 'added worker effect' is mixed. To...
Persistent link: https://www.econbiz.de/10009780656