| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7984 |
| 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 |
| URL | https://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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