1 Read eBook for: labor tax cuts and employment a general equilibrium approach for france [PDF]

Labor Tax Cuts And Employment A General Equilibrium Approach For France

Labor Tax Cuts and Employment  A General Equilibrium Approach for France PDF

Get This Book

Author: Raphael A. Espinoza
Publisher: International Monetary Fund
ISBN: 1498386474
Size: 76.36 MB
Format: PDF, Kindle
Category : Business & Economics
Languages : en
Pages : 37
View: 2388


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

Get This Book

Author: International Monetary Fund. Middle East and Central Asia Dept.
Publisher: International Monetary Fund
ISBN: 1484312090
Size: 35.11 MB
Format: PDF, ePub
Category : Business & Economics
Languages : en
Pages : 63
View: 7407


Jordan: Selected Issues

France Selected Issues

France  Selected Issues PDF

Get This Book

Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1513518666
Size: 12.28 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 31
View: 6526


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.

How Do Fiscal And Labor Policies In France Affect Inequality

How Do Fiscal and Labor Policies in France Affect Inequality  PDF

Get This Book

Author: Mr. Raphael A. Espinoza
Publisher: International Monetary Fund
ISBN: 1513544535
Size: 48.72 MB
Format: PDF, Docs
Category : Business & Economics
Languages : en
Pages : 44
View: 4168


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 Security Tax Reform And Unemployment

Social Security Tax Reform and Unemployment PDF

Get This Book

Author: Caroline van Rijckeghem
Publisher: International Monetary Fund
ISBN:
Size: 28.43 MB
Format: PDF, Mobi
Category : Business & Economics
Languages : en
Pages : 29
View: 3265


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.

Climate Change Human Systems And Policy Volume Iii

Climate Change  Human Systems  and Policy   Volume III PDF

Get This Book

Author: Antoaneta Yotova
Publisher: EOLSS Publications
ISBN: 1905839049
Size: 42.68 MB
Format: PDF, ePub, Mobi
Category : Climatic changes
Languages : en
Pages : 408
View: 3184


Climate Change, Human Systems and Policy is a component of Encyclopedia of Natural Resources Policy and Management in the global Encyclopedia of Life Support Systems (EOLSS), which is an integrated compendium of twenty one Encyclopedias. The Theme on Climate Change, Human Systems and Policy presented in three volumes, deals with the interaction between climate and human systems for policy development. These volumes discuss History, Status, and Prediction of Global Climate Change; Potential Large-scale Effects of Global Warming; Public Perceptions Toward Global Climate Change; Effects of Potential Sea-Level Rises; Economics of Potential Climate Change; Response Strategies for Stabilization of Atmospheric Composition; Policy Framework and Systems Management of Global Climate Change. These three volumes are aimed at the following five major target audiences: University and College students Educators, Professional practitioners, Research personnel and Policy analysts, managers, and decision makers and NGOs.

Imf Working Paper

IMF Working Paper PDF

Get This Book

Author:
Publisher:
ISBN:
Size: 29.36 MB
Format: PDF, ePub, Docs
Category : Finance
Languages : en
Pages :
View: 5320



Aanwinsten Van De Centrale Bibliotheek Queteletfonds

Aanwinsten van de Centrale Bibliotheek  Queteletfonds  PDF

Get This Book

Author: Bibliothèque centrale (Fonds Quetelet)
Publisher:
ISBN:
Size: 28.96 MB
Format: PDF, ePub, Mobi
Category :
Languages : en
Pages :
View: 5637



French Politics And Society

French Politics and Society PDF

Get This Book

Author:
Publisher:
ISBN:
Size: 19.39 MB
Format: PDF, Mobi
Category : France
Languages : en
Pages :
View: 3275



Back to Top