Do Labour Taxes and Their Composition Affect Wages in the Short and the Long Run?European Commission, Directorate-General for Economic and Financial Affairs, 2004 - European Economic Community countries - 59 pages |
Common terms and phrases
addition to instruments after-tax wage average tax Balanced panel burden on labour centralisation coefficient components consumer correlation countries curve dependent variable Dif-GMM3 Dif-GMM3 further instruments econometric Economic and Financial effects of tax efficiency wage empirical employers endogenous equilibrium European explanatory variables Finland firms fiscal further lags Giuseppe Carone GMM estimator GMM-dif estimator GMM-SYS gross wage Gruber higher impact imperfect competition incidence income tax rate increase instruments are levels instruments in Dif-GMM3 July labour demand labour market labour supply labour taxes lagged dependent variable level equation LPRODMe LREALCM LWEDGEM Macroeconomic Mc Morrow net wage Nickell OECD p-values Panel Data payroll tax Policy price wedge productivity real labour costs replacement rate Sargan Test second order autocorrelation shift Short-run wage equation significant social security contributions SSCs SYS-GMM1 tax burden tax incidence tax wage tax wedge taxation taxes on labour threat point unemployment benefits unemployment rate wage bargaining wage setting workers