dc.contributor.author | Pissarides, Christopher A. | en |
dc.creator | Pissarides, Christopher A. | en |
dc.date.accessioned | 2019-05-03T05:23:04Z | |
dc.date.available | 2019-05-03T05:23:04Z | |
dc.date.issued | 1985 | |
dc.identifier.uri | http://gnosis.library.ucy.ac.cy/handle/7/47946 | |
dc.description.abstract | This paper considers the effects of wage taxes, employment subsidies and unemployment benefits in a simple model of equilibrium search. Unemployment is determined by the equality of job matchings and job separations, job vacancies are determined by a zero-profit condition and wages by a Nash bargain between the meeting firm and worker. I show that marginal wage taxes influence the firm's and worker's equilibrium sharing rule, whereas employment subsidies and unemployment benefits influence only the surplus shared. Hence, tax-financed subsidies reduce wages and raise employment and vacancies, whereas tax-financed unemployment benefits raise wages and reduce employment and vacancies. © 1985 The Society for Economic. | en |
dc.language.iso | eng | en |
dc.source | Review of Economic Studies | en |
dc.title | Taxes, subsidies and equilibrium unemployment | en |
dc.type | info:eu-repo/semantics/article | |
dc.description.volume | 52 | |
dc.description.startingpage | 121 | |
dc.description.endingpage | 133 | |
dc.author.faculty | Σχολή Οικονομικών Επιστημών και Διοίκησης / Faculty of Economics and Management | |
dc.author.department | Τμήμα Οικονομικών / Department of Economics | |
dc.type.uhtype | Article | en |
dc.contributor.orcid | Pissarides, Christopher A. [0000-0002-0695-058X] | |
dc.description.totalnumpages | 121-133 | |
dc.gnosis.orcid | 0000-0002-0695-058X | |