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- W922313064 abstract "This paper analyses the impact of several tax-benefit reforms on the employment of different skill groups under various wage formation systems. We adapt a general equilibrium model initially developed for the Finnish economy by Alho (2006), combining it with elements from Bovenberg et al. (2000) and Hinnosaar (2004a, b). Policy simulations demonstrate the importance of wage setting for the outcome. In the case of Estonia, market determined wages outperform bargained wages, which could imply an important difference between the EU-15 countries and the new member states in general. Additionally, the labour supply of the low-skilled is most effectively increased by lowering the marginal income tax rate, which combined with strategies increasing the overall employment, could potentially improve the labour market position of those with lower skills." @default.
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- W922313064 date "2007-01-01" @default.
- W922313064 modified "2023-09-27" @default.
- W922313064 title "A COMPARATIVE GENERAL EQUILIBRIUM ANALYSIS OF THE ESTONIAN LABOUR MARKET" @default.
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