G2TT
来源类型Discussion paper
规范类型论文
来源IDDP7984
DP7984 Payroll Taxes, Social Insurance and Business Cycles
Michael Burda; Mark Weder
发表日期2010-09-01
出版年2010
语种英语
摘要Payroll taxes represent a major distortionary influence of governments on labor markets. This paper examines the role of payroll taxation and the social safety net for cyclical fluctuations in a nonmonetary economy with labor market frictions and unemployment insurance, when the latter is only imperfectly related to search effort. A balanced social insurance budget renders gross wages more rigid over the cycle and, as a result, strengthens the model?s endogenous propagation mechanism. For conventional calibrations, the model generates a negatively sloped Beveridge curve as well as substantial volatility and persistence of vacancies and unemployment.
主题Labour Economics
关键词Business cycles Consumption-tightness puzzle Labor markets Payroll taxes Unemployment
URLhttps://cepr.org/publications/dp7984
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/536821
推荐引用方式
GB/T 7714
Michael Burda,Mark Weder. DP7984 Payroll Taxes, Social Insurance and Business Cycles. 2010.
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