Labor Supply and Taxation


Book Description

Presents Richard Blundell's outstanding research on the modern economic analysis of labour markets and public policy reforms and brings together, in revised and integrated form, a number of the author's key papers.




Tax Policy and Labor Market Performance


Book Description

Other chapters examine the effects of tax reforms, including the Earned Income Tax Credit, and the wage-increasing effects of progressive income taxes in a highly unionized labor market. Finally, the contributors analyze the effects of employment protection and tax penalties on the growth of the underground economy. The insights offered in these studies will be valuable to the policy analyst as well as to the academic theorist




Making Work Pay


Book Description

This volume looks at how tax and benefit systems may discourage individuals to seek employment and firms to hire workers. An examination of potential tax and benefit reforms and a survey of changes in OECD countries designed to improve incentives suggest a series of recommendations to policy-makers.




Labour Market and Fiscal Policy Adjustments to Shocks


Book Description

This book focuses on the implications of the South African labour market dynamics including labour market reforms and fiscal policy for monetary policy and financial stability. Evidence suggests there are benefits in adopting an approach that coordinates labour market policies and reforms, fiscal policy, price and financial stability. In particular, the benefits of coordinating policies present policymakers with policy options in cases where they are confronted by binding policy trade-offs and dilemmas, such as in cases when there is divergence in price and financial and economic growth outcomes. The empirical insights and policy recommendations are based on different techniques that include the counterfactual and endogenous-exogenous approaches, non-linearities introduced by thresholds and the impact of persistent and transitory shock effects. Themes covered in the book include various aspects of labour market conditions and reforms and their link to inflation and inflation expectations, the impact of the national minimum wage, the interaction between public and private sector wage inflation, economic policy uncertainty and employment, government debt thresholds, sovereign yields and debt ratings downgrades, labour productivity, the impact of inflation regimes on expansionary fiscal and monetary policy multipliers, the increase in government cost of funding on price and financial stability and the link between fiscal policy and credit dynamics.




Structural Reforms


Book Description

This book presents a selection of contributions on the timely topic of structural reforms in Western economies, written by experts from central banks, the International Monetary Fund, and leading universities. It includes latest research on the impacts of structural reforms on the market economy, especially on the labor market, and investigates the results of collective bargaining in theory and practice. The book also comprises case studies of structural reforms. A literature survey on the topic serves as a valuable source for further research. The book is written by and targeted at both academics and policy makers.




Welfare and Work in the Open Economy: Volume II: Diverse Responses to Common Challenges in Twelve Countries


Book Description

In this ground-breaking, two-volume study of the adjustment of advanced welfare states to international economic pressures, leading scholars detail the wide variety of responses in twelve countries. Rejecting any notion of convergence to some kind of neo-liberal orthodoxy, they find that most countries have remained true to the basic features of their postwar model as they have liberalized. Moreover, within different welfare- state constellations, while some countries are stillstruggling to adjust, others have reached a new sustainable equilibrium. Volume I presents comparative analyses of differences in countries' vulnerabilities and capabilities, the effectiveness of the policy responses, and the role of values and discourse in the politics of adjustment. Volume II presentsin-depth analyses of the experiences of Australia, Austria, Belgium, Denmark, France, Germany, Italy, the Netherlands, New Zealand, Sweden, Switzerland, and the United Kingdom as well as special studies on the the participation of women in the labour market, early retirement, the liberalization of public services, and international tax competition.




Jobs for the Poor


Book Description

Even as the United States enjoys a booming economy and historically low levels of unemployment, millions of Americans remain out of work or underemployed, and joblessness continues to plague many urban communities, racial minorities, and people with little education. In Jobs for the Poor, Timothy Bartik calls for a dramatic shift in the way the United States confronts this problem. Today, most efforts to address this problem focus on ways to make workers more employable, such as job training and welfare reform. But Bartik argues that the United States should put more emphasis on ways to increase the interest of employers in creating jobs for the poor—or the labor demand side of the labor market. Bartik's bases his case for labor demand policies on a comprehensive review of the low-wage labor market. He examines the effectiveness of government interventions in the labor market, such as Welfare Reform, the Earned Income Tax Credit, and Welfare-to-Work programs, and asks if having a job makes a person more employable. Bartik finds that public service employment and targeted employer wage subsidies can increase employment among the poor. In turn, job experience significantly increases the poor's long-run earnings by enhancing their skills and reputation with employers. And labor demand policies can avoid causing inflation or displacing other workers by targeting high-unemployment labor markets and persons who would otherwise be unemployed. Bartik concludes by proposing a large-scale labor demand program. One component of the program would give a tax credit to employers in areas of high unemployment. To provide disadvantaged workers with more targeted help, Bartik also recommends offering short-term subsidies to employers—particularly small businesses and nonprofit organizations—that hire people who otherwise would be unlikely to find jobs. With experience from subsidized jobs, the new workers should find it easier to obtain future year-round employment. Although these efforts would not catapult poor families into the middle class overnight, Bartik offers a powerful argument that having a full-time worker in every household would help improve the lives of millions. Jobs for the Poor makes a compelling case that full employment can be achieved if the country has the political will and adopts policies that address both sides of the labor market. Copublished with the W. E. Upjohn Institute for Economic Research




Forgotten Americans


Book Description

A sobering account of a disenfranchised American working class and important policy solutions to the nation’s economic inequalities One of the country’s leading scholars on economics and social policy, Isabel Sawhill addresses the enormous divisions in American society—economic, cultural, and political—and what might be done to bridge them. Widening inequality and the loss of jobs to trade and technology has left a significant portion of the American workforce disenfranchised and skeptical of governments and corporations alike. And yet both have a role to play in improving the country for all. Sawhill argues for a policy agenda based on mainstream values, such as family, education, and work. While many have lost faith in government programs designed to help them, there are still trusted institutions on both the local and federal level that can deliver better job opportunities and higher wages to those who have been left behind. At the same time, the private sector needs to reexamine how it trains and rewards employees. This book provides a clear-headed and middle-way path to a better-functioning society in which personal responsibility is honored and inclusive capitalism and more broadly shared growth are once more the norm.




Welfare States in Europe


Book Description

Inhaltsangabe:Abstract: The German proverb that misfortune seldom arrives alone captures completely the essence of present German social economic difficulties. The decade of vibrant economic growth has become a memory and is not part of the historical experience shared by the generation born in the 70s and 80s, getting in to work now. Most of these young people do not know the right balance between efficiency and equity. Self-responsibility and self-decision-making, on the one hand, and social security to prevent poverty on the other, are both very important features in creating a civil society, as a third sector between the private and the public sectors. The definition of this type of civil society and the avoidance of a liberal model through the Bismarckian conservative social security system, to maintain the status even in the case of an emergency, will be described in the the first part of the second chapter as a basis for liberty and the increase of the national product. On the other hand, in Ireland between 1988 and 2000 real GDP has grown 132 per cent. It was not only the social pact model which resulted in magnificent economic growth rates, but the whole welfare system was improved to give more incentives, to establish more self-responsibility and to reduce status maintaining features. The beginning and the framework of the Irish success, in terms of efficiency and equity, will be discussed in the second part of the second chapter. The third chapter describes in a detailed way the differences of social security financing and its impact on efficiency and equity in both Germany and Ireland. The fourth chapter is devided into two parts. The first part deals with the unlimited social service provision of health care, disability and occupational benefits in Germany and compares it to the Irish system. In both the first and the second part the impact on efficiency and equity will be discussed. However, the problem of the second part of the fourth chapter is not the unlimited service provision, but the typical difficulties that emerge, especially from the retirement and unemployment insurance and, in a less intensive way, from the carer s insurance. The fifth chapter deals with, as a consequence of the described problems in the fourth chapter, poverty reduction and efficiency increase, to develop a civil society. Therefore, the first part discusses the effects of increased take home pay due to less social security contributions for both [...]