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Labor Tax Cuts And Employment

Labor Tax Cuts and Employment PDF

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Author: Mr.Raphael A. Espinoza
Publisher: International Monetary Fund
ISBN: 1498328199
Size: 53.31 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : en
Pages : 37
View: 3279


The paper presents a simple supply side, general equilibrium model to estimate the macroeconomic effects of labor tax cuts. The model assumes that output is produced using capital, unskilled and skilled workers, and public servants. Wage formation for skilled workers features a Blanchflower-Oswald wage curve, while the labor supply for unskilled workers is very elastic around the minimum wage for small changes in employment. The model is calibrated for France and used to estimate the output and employment effects induced by two recent tax reforms: the Crédit d’Impôt pour la Compétitivité et l’Emploi (CICE) and the Pacte de Solidarité Responsabilité (RSP). We find that the tax cuts, if not offset by other fiscal measures, would contribute overall to creating around 200,000 jobs in the short run (600,000 jobs in the long run). Since the model abstracts from demand side effects, the results should be interpreted as providing estimates of the effect of tax measures on potential output and potential employment.

Jordan

Jordan PDF

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Author: International Monetary Fund. Middle East and Central Asia Dept.
Publisher: International Monetary Fund
ISBN: 1484312066
Size: 76.94 MB
Format: PDF, ePub
Category : Business & Economics
Languages : en
Pages : 63
View: 167


This paper discusses the Syrian Refugee Crisis (SRC) and conflicts in Syria and Iraq have weighed on investor sentiment, tourism, and exports but the influx of Syrians is likely to have increased aggregate demand. Labor market conditions deteriorated after the massive influx of refugees and nontradable prices accelerated. The balance of payment suffered pressures on the non-oil current account, owing to lower exports of goods and services and higher imports. The SRC has increased the direct fiscal costs persistently by above one percent of GDP, which could double after counting for quality and capital deterioration. The negative impact is decreasing as the influx of Syrian refugees slowed and the stock pushed up aggregate demand. The influx of more than 10 percent of Jordan’s original population may have certainly increased consumption, particularly, over time as the incomers settled and the likelihood of returning to their home country diminishes. Unemployment grew the most in governorates that host most of the refugees.

France

France PDF

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Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1513519573
Size: 15.81 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 31
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This Selected Issues paper analyzes expenditure reforms in France. After decades of rising public spending and successive tax increases, the medium-term fiscal consolidation path described in the 2015 Stability Program is now fully expenditure based. However, recent efforts of nominal spending containment have not delivered the intended savings in the context of low growth and inflation. A thorough review of the efficiency of public spending could help prepare more fundamental reforms of spending programs and processes to underpin a lasting reduction in expenditures, which reached a record high of 57.2 percent of GDP in 2014.

Social Security Tax Reform And Unemployment

Social Security Tax Reform and Unemployment PDF

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Author: Caroline van Rijckeghem
Publisher: International Monetary Fund
ISBN:
Size: 39.57 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : en
Pages : 29
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It should be known that at the beginning of a dynasty, taxation yields a large revenue from small assessments. At the end of the dynasty, taxation yields a small revenue from large assessments.

How Do Fiscal And Labor Policies In France Affect Inequality

How Do Fiscal and Labor Policies in France Affect Inequality  PDF

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Author: Mr.Raphael A. Espinoza
Publisher: International Monetary Fund
ISBN: 1513515969
Size: 50.51 MB
Format: PDF, ePub
Category : Business & Economics
Languages : en
Pages : 44
View: 6247


This paper explores the impact of fiscal and labor market policies on efficiency, inequality, and fiscal outcomes in France. We extend the general equilibrium model calibrated for France by Alla and others (2015), with measures of labor and capital income for different groups in the economy (the unemployed, unskilled workers, skilled workers, public servants). For each of these groups we combine data on the income distribution with the outcomes of policy simulations to assess the impact of a suite of stylized policies on output, the fiscal balance, the Gini coefficient, and the shape of the Lorenz curve. We find that most types of fiscal expansions, while adding to the deficit and debt in the near term, generally reduce inequality, the main exception being capital income tax cuts. A reduction of the minimum wage has an ambiguous impact on the income distribution: the Gini coefficient increases, but the lowest income quintile improves its relative position in the income distribution thanks to positive employment effects. The paper also finds scope for “win-win” policy packages that could improve overall efficiency, inequality, and fiscal outcomes, for instance if targeted labor tax reductions are offset by cuts in the public wage bill.

Social Sciences Index

Social sciences index PDF

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Size: 10.27 MB
Format: PDF, Kindle
Category :
Languages : en
Pages :
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Dissertation Abstracts International

Dissertation Abstracts International PDF

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ISBN:
Size: 48.22 MB
Format: PDF, Docs
Category : Dissertations, Academic
Languages : en
Pages :
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French Politics And Society

French Politics and Society PDF

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Size: 11.25 MB
Format: PDF
Category : France
Languages : en
Pages :
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Journal Of Economic Literature

Journal of Economic Literature PDF

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ISBN:
Size: 49.45 MB
Format: PDF, ePub, Mobi
Category : Economics
Languages : en
Pages :
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Daily Report West Europe

Daily Report  West Europe PDF

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ISBN:
Size: 50.42 MB
Format: PDF, ePub
Category : Europe
Languages : en
Pages :
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