Défiscalisation des heures supplémentaires: une perspective d'équilibre général
AbstractThis paper characterizes the short- and long-run effects of overtime de-taxation. A dynamic general equilibrium with overtime hours is first developed and calibrated to French data. A fiscal shock consisting of a complete de-taxation of overtime hours is then implemented in the model. Several fiscal scenarios are considered, depending on the pace of public debt and depending on whether consumption taxes or lump-sum taxes are adjusted. In each case, the welfare gains of the fiscal reform are computed. Overtime de-taxation is found to have very limited aggregate effects on output and the labor supply. It also generates a small welfare gain or even a welfare loss, depending on the on the fiscal scenario.
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Bibliographic InfoPaper provided by Banque de France in its series Working papers with number 304.
Length: 23 pages
Date of creation: 2010
Date of revision:
Overtime de-taxation; general equilibrium;
Other versions of this item:
- Julien MATHERON, 2011. "Défiscalisation des heures supplémentaires : une perspective d'équilibre général," Annales d'Economie et de Statistique, ENSAE, issue 103-104, pages 273-293.
- E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
- E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-12-18 (All new papers)
- NEP-DGE-2010-12-18 (Dynamic General Equilibrium)
- NEP-EEC-2010-12-18 (European Economics)
- NEP-MAC-2010-12-18 (Macroeconomics)
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