Directory UMM :Data Elmu:jurnal:L:Labour Economics:Vol7.Issue3.May2000:
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Indeed, reducing marginal tax rates is the most effective way to raise labor supply (in terms of hours), while increasing income differentials between low-skilled workers and
This paper discusses the effect of tax progression on wage setting and employment in a unionised labour market. Recent contributions to this field argue that tax
The Vancouver Composite Index fell by over 25 percent in less than 6 weeks during spring 1997 as the junior mining sector collapsed. We argue that this market collapse was triggered
Specifically, their variable set includes political risk, inflation, ex- change rate volatility, per capita GDP, growth of GDP, the size of the trade sector, the indebtedness of
Compared to the constant semi-elasticity Cagan-type demand for money, the constant elasticity double-log function yields substantial costs of deviating from both a zero inflation
The policy parameters, the annual money growth rate (or the inflation tax rate) p˙ ( 5 ( z 2 1)/5), and capital gains tax rate t , are calibrated so that the model can predict how
Here, tax structure refers to the mix of taxes on physical capital income, labor income and consumption which satisfy an exogenously given government budget constraint.. The
The analysis of nonlinear income taxation pioneered by Mirrlees (1971) has characterized a number of properties that the optimal tax must possess (see, e.g., Myles, 1995, for a
