The effect of taxes on labour in efficiency wage models: a comment
Article Abstract:
The effects of ad valorem and specific labor taxes in a moral hazard efficiency wage model were studied by G. Pisauro. His finding that the imposition of a specific tax caused an increase in the net real wage was deemed incorrect because the specific tax lowered the wage. Some of the implications of Pisauro's findings include an increase in employment caused by a drop in effort so that effective labor input fell which means output fell when employment rose. In addition, Pisauro's findings have minimum wage law applications.
Publication Name: The Journal of Public Economics
Subject: Government
ISSN: 0047-2727
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
Social protection and political competition
Article Abstract:
Analogous methods were used to analyze legal social protection and market forces interactions and determine the output shares and political positions of factor owners. In many cases, the political decision process interferes with the market mechanism in the determination of factor shares. The consequences of such interference are studied under autarky and international competition, when the political decision is on the choice of a minimum wage.
Publication Name: The Journal of Public Economics
Subject: Government
ISSN: 0047-2727
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
A note on the 'natural rate of subjective inequality' hypothesis and the approximate relationship between the Gini coefficient and the Atkinson index
Article Abstract:
The need to better examine and understand the natural rate of subjective inequality hypothesis is discussed.
Publication Name: The Journal of Public Economics
Subject: Government
ISSN: 0047-2727
Year: 2005
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: The effect of home-ownership on labor mobility in the Netherlands. Why do cities pay more? An empirical examination of some competing theories of the urban wage premium
- Abstracts: The relative efficiency of taxes in a two-period model of urban growth. Valuation of pollution abatement benefits: direct and indirect measurement
- Abstracts: The impact of housing costs on the living arrangements of single mothers. Estimation of housing depreciation: short-term quality change and long-term vintage effects
- Abstracts: Welfare effects of unfunded pension systems when labor supply is endogenous. Understanding welfare stigma: taxpayer resentment and statistical discrimination
- Abstracts: The separation of powers in American politics: why we fail to accentuate the positive. Civic disengagement in contemporary America