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...
|Place of publication:||
|Data of publication:||2008|
Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers)
|Online Access:||available in Bonn?|
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