| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP1970
|
| DP1970 Estimating Trade Equations from Aggregate Bilateral Data |
| Tamim Bayoumi
|
| 发表日期 | 1998-09-30
|
| 出版年 | 1998
|
| 语种 | 英语
|
| 摘要 | This paper employs MIMIC, an applied general equilibrium model of the Dutch economy, to explore various tax cuts aimed at combating unemployment and raising labour supply. MIMIC combines modern labour-market theories, a firm empirical foundation, and a detailed description of Dutch labour-market institutions. We develop a small aggregate model, which contains the core of MIMIC, namely wage setting, job matching, labour supply and labour demand. In addition to illustrating the main economic mechanisms in MIMIC, the small model shows the advantages of employing a larger, more disaggregated model that accounts for heterogeneity, institutional details, and more economic mechanisms.
Targeting in-work benefits at the low skilled is the most effective way to cut economy-wide unemployment but damages the quality and quantity of labour supply. Cuts in social security contributions paid by employers and subsidies for hiring long-term unemployed reduce unskilled unemployment most substantially. Tax cuts in the higher tax brackets boost the quantity and quality of formal labour supply but are less effective in reducing unemployment and in raising unskilled employment and female labour supply. |
| 关键词 | Applied general equilibrium model
Labour supply
Structural unemployment
Tax policies
The netherlands
|
| URL | https://cepr.org/publications/dp1970
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531100
|
推荐引用方式
GB/T 7714 |
Tamim Bayoumi. DP1970 Estimating Trade Equations from Aggregate Bilateral Data. 1998.
|
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