Please use this identifier to cite or link to this item:
https://hdl.handle.net/2440/98232
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DC Field | Value | Language |
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dc.contributor.author | Burda, M. | - |
dc.contributor.author | Weder, M. | - |
dc.date.issued | 2016 | - |
dc.identifier.citation | Journal of the European Economic Association, 2016; 14(2):438-467 | - |
dc.identifier.issn | 1542-4766 | - |
dc.identifier.issn | 1542-4774 | - |
dc.identifier.uri | http://hdl.handle.net/2440/98232 | - |
dc.description | Article first published online: 21 JUL 2015 | - |
dc.description.abstract | Payroll 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.statementofresponsibility | Michael C. Burda and Mark Weder | - |
dc.language.iso | en | - |
dc.publisher | Wiley | - |
dc.rights | © 2015 by the European Economic Association | - |
dc.source.uri | http://dx.doi.org/10.1111/jeea.12145 | - |
dc.subject | Business cycles | - |
dc.subject | consumption-tightness puzzle | - |
dc.subject | labor markets | - |
dc.subject | payroll taxes | - |
dc.subject | unemployment | - |
dc.title | Payroll taxes, social insurance and business cycles | - |
dc.type | Journal article | - |
dc.identifier.doi | 10.1111/jeea.12145 | - |
dc.relation.grant | http://purl.org/au-research/grants/arc/DP1096358 | - |
dc.relation.grant | http://purl.org/au-research/grants/arc/DP1096358 | - |
pubs.publication-status | Published | - |
Appears in Collections: | Aurora harvest 7 Economics publications |
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RA_hdl_98232.pdf Restricted Access | Restricted Access | 599.51 kB | Adobe PDF | View/Open |
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