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Wage Setting and the Tax System: theory and Evidence for the UK

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Author Info
Ben Lockwood
Alan Manning

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Abstract

This paper analyses the effect of a non-linear tax system on wage bargaining. The main conclusions are: an increase in the marginal income or payroll tax reduces the pre-tax wage; in the iso-elastic case, an increase in the average tax rate increases the pre-tax wage by more than the tax increase, and a measure of the progressivity of the tax system (residual income progression) is a sufficient measure of the effect of the tax system on wage pressure. Empirical evidence is presented to support these propositions, and the predictions of the model regarding the effect of recent changes to the U.K tax system on the distribution of earnings discussed.

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Publisher Info
Paper provided by Centre for Economic Performance, LSE in its series CEP Discussion Papers with number dp0115.

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Date of creation: Jan 1993
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Handle: RePEc:cep:cepdps:dp0115

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  1. Bokan, Nikola & Hughes Hallett, Andrew, 2008. "The Impact of Tax and Market Distortions on the Phillips Curve and the Natural Rate of Unemployment," Economics - The Open-Access, Open-Assessment E-Journal, Kiel Institute for the World Economy, vol. 2(27), pages 1-28. [Downloadable!]
  2. Maarten Goos & Jozef Konings, 2007. "The Impact of Payroll Tax Reductions on Employment and Wages: A Natural Experiment Using Firm Level Data," LICOS Discussion Papers 17807, LICOS - Centre for Institutions and Economic Performance, K.U.Leuven. [Downloadable!]
  3. Henrik Jacobsen Kleven & Peter Birch Sørensen, . "Labour Tax Reform, The Good Jobs and the Bad Jobs," EPRU Working Paper Series 99-01, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics. [Downloadable!]
  4. Pekka Sinko, 2007. "Labour taxation, job creation and job destruction—Focusing on the role of wage setting," International Tax and Public Finance, Springer, vol. 14(5), pages 583-604, October. [Downloadable!] (restricted)
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