Please use this identifier to cite or link to this item: https://hdl.handle.net/2440/98232
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dc.contributor.authorBurda, M.-
dc.contributor.authorWeder, M.-
dc.date.issued2016-
dc.identifier.citationJournal of the European Economic Association, 2016; 14(2):438-467-
dc.identifier.issn1542-4766-
dc.identifier.issn1542-4774-
dc.identifier.urihttp://hdl.handle.net/2440/98232-
dc.descriptionArticle first published online: 21 JUL 2015-
dc.description.abstractPayroll taxes represent a major distortionary influence of governments on labor markets. This paper examines the role of time-varying payroll taxes 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 induces countercyclical payroll taxation, renders gross wages more rigid over the cycle and strengthens the model's endogenous propagation mechanism. For conventional calibrations, the model generates a negatively sloped Beveridge curve and countercyclical unemployment as well as substantial volatility and persistence of vacancies and unemployment.-
dc.description.statementofresponsibilityMichael C. Burda and Mark Weder-
dc.language.isoen-
dc.publisherWiley-
dc.rights© 2015 by the European Economic Association-
dc.source.urihttp://dx.doi.org/10.1111/jeea.12145-
dc.subjectBusiness cycles-
dc.subjectconsumption-tightness puzzle-
dc.subjectlabor markets-
dc.subjectpayroll taxes-
dc.subjectunemployment-
dc.titlePayroll taxes, social insurance and business cycles-
dc.typeJournal article-
dc.identifier.doi10.1111/jeea.12145-
dc.relation.granthttp://purl.org/au-research/grants/arc/DP1096358-
dc.relation.granthttp://purl.org/au-research/grants/arc/DP1096358-
pubs.publication-statusPublished-
Appears in Collections:Aurora harvest 7
Economics publications

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