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Please use this identifier to cite or link to this item: http://hdl.handle.net/10023/656
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Fitzroy_TAXATION, UNEMPLOYMENT AND WORKING TIME.pdf139.47 kBAdobe PDFView/Open
Title: Taxation, unemployment and working time in models of economic growth
Authors: FitzRoy, Felix
Funke, Michael
Nolan, Michael A.
Editors: University of St Andrews. School of Economics and Finance
Keywords: taxation
unemployment
working time
growth
Issue Date: Aug-2001
Citation: School of Economics and Finance discussion paper series ; 0112
Abstract: This paper combines collective bargaining over wages and working time with models of endogenous and neoclassical growth. Public expenditure is funded by taxes on capital and labour supplied by infinitely-lived households in a closed economy. Taxes on labour are generally inefficient in both growth models, there is a “dynamic Laffer Curve”, and employment is increased by a reduction of working hours below the collective bargaining level – except in the case of a monopoly union. Although growth is maximised by competitive (efficient) hours, welfare-optimal working time is below the collective bargain when union are ‘too weak’, and vice-versa.
Version: Postprint
Description: Previously in the University eprints HAIRST pilot service at http://eprints.st-andrews.ac.uk/archive/00000056/
Revised August 2001
URI: http://ideas.repec.org/p/san/wpecon/0112.html
http://hdl.handle.net/10023/656
Type: Working or discussion paper
Publication Status: Not published
Status: Non peer reviewed
Publisher: School of Economics and Finance, University of St Andrews.
Appears in Collections:Economics & Finance Research



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