A Quantitative Evaluation of Payroll Tax Subsidies For Low-Wage Workers: An Equilibrium Search Approach

Phelps (1994) presented the case for a low-wage subsidy policy. Since the mid-1990s, France has experimented with this strategy. This paper evaluates the e®ect of this policy on employment and also on output and welfare. We construct an equilibrium search model incorporating wage posting and specifi...

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Bibliographic details
Main Author: Chéron, Arnaud
Hairault, Jean-Olivier
Langot, François
Format: Publication
Language: English
Place of publication: Elsevier 01.01.2008
Data of publication: 2008-01-01
Subjects:
Online Access: available in Bonn?
Database: OpenAIRE (Open Access)
OpenAIRE
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