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: Langot, Francois
Cheron, Arnaud
Hairault, Jean-Olivier
Format: Paper
Language: English
Place of publication: 2008
Related: HAL
Data of publication: 2008
Series: Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers)
Subjects:
Online Access: available in Bonn?
Database: RePEc
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