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This paper provides a normative justification for the use of a minimum wage as a redistributive tool in a competitive labor market. We show that a government interested in improving the wellbeing of the deserving poor, while being less concerned with their undeserving counterparts, can use a...
Persistent link: https://www.econbiz.de/10011951611
This paper provides a novel justification for using a minimum wage to supplement an optimal tax-and-transfer system. We demonstrate that if labor supply decisions are concentrated along the intensive margin and employment is efficiently rationed, a minimum wage can be socially beneficial by...
Persistent link: https://www.econbiz.de/10010402108
This paper provides a novel justification for using a minimum wage to supplement an optimal tax-and-transfer system. We demonstrate that if labor supply decisions are concentrated along the intensive margin and employment is efficiently rationed, a minimum wage can be socially beneficial by...
Persistent link: https://www.econbiz.de/10010409382
This paper provides a novel justification for using a minimum wage to supplement an optimal tax-and-transfer system. We demonstrate that if labor supply decisions are concentrated along the intensive margin and employment is efficiently rationed, a minimum wage can be socially beneficial by...
Persistent link: https://www.econbiz.de/10010959627
attain some minimal level of utility. Our argument suggests that when misreporting of income by welfare claimants is … sufficiently manifest, introducing work requirements for welfare eligibility economizes on government expenditure and is socially …
Persistent link: https://www.econbiz.de/10010272664
attain some minimal level of utility. Our argument suggests that when misreporting of income by welfare claimants is … sufficiently manifest, introducing work requirements for welfare eligibility economizes on government expenditure and is socially …
Persistent link: https://www.econbiz.de/10008466470
The paper proposes a method to speed up the transition toward the notional contributions pension system in Italy. It seems the most appropriate manner to combine and pursue employment and financial sustainability goals. The method computes percentages for abating the old retributive pensions...
Persistent link: https://www.econbiz.de/10011112697
This paper provides a novel justification for using a minimum wage to supplement an optimal tax-and-transfer system. We demonstrate that if labor supply decisions are concentrated along the intensive margin and employment is efficiently rationed, a minimum wage can be socially beneficial by...
Persistent link: https://www.econbiz.de/10013047853
In this paper we demonstrate that supplementing the optimal non-linear income tax system with a binding maximum wage rule attains a Pareto improvement, by serving to mitigate the mimicking incentives of the high-skill individuals without entailing distortions.
Persistent link: https://www.econbiz.de/10010681755
efficiency-enhancing redistribution improves everyone’s welfare including the welfare of those whose labor finances the …In a world where the private protection of property is costly, government redistribution can lead to an increase in … redistribution of income. Under certain conditions, redistribution becomes desirable in situations where the state has exhausted its …
Persistent link: https://www.econbiz.de/10005623542