Taxes, transfers and employment in an incomplete markets model
成果类型：
Article
署名作者：
Alonso-Ortiz, Jorge; Rogerson, Richard
署名单位：
Arizona State University; Arizona State University-Tempe
刊物名称：
JOURNAL OF MONETARY ECONOMICS
ISSN/ISSBN：
0304-3932
DOI：
10.1016/j.jmoneco.2010.08.008
发表日期：
2010
页码：
949-958
关键词：
摘要：
The consequences of increases in the scale of tax and transfer programs are assessed in the context of a model with idiosyncratic productivity shocks and incomplete markets The effects are contrasted with those obtained in a stand-in household model featuring no idiosyncratic shocks and complete markets The main finding is that the impact on hours remains very large but the welfare consequences are very different The analysis also suggests that tax and transfer policies have large effects on average labor productivity via selection effects on employment (C) 2010 Elsevier B V All rights reserved
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