This paper empirically investigates the labor market effects of China's 2007 VAT reform, which significantly reduced the tax cost of capital investment. Employing city-by-year variation in the reform, we demonstrate that the tax cuts increased the earnings of skilled workers and left the...

Recent empirical evidence, largely based on descriptive analyses, suggests that women's wages and employment are more likely to be affected by government austerity measures because women constitute a majority of the public-sector labor force. Employing panel data from the 2014 and 2015 Labour...

This paper studies the impact of product and labour market structural reforms and the effects of their joint implementation with alternative debt consolidation strategies. The set-up is a DSGE model calibrated for the Greek economy. The results show that structural reforms produce important...